Multiple Choice
Calculate, to the nearest 0.1%, what annual interest rate would be required if you invested $6,000 in Apple stock and ended up with $15,622 when you sold the stock after 5 years Assume that interest was compounded quarterly. ?
A) 19.4%
B) 19.6%
C) 20.0%
D) 20.2%
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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