Multiple Choice
If money is invested for 3 years , with interest compounded annually, the future value of the investment varies directly as the cube of ( r) , where r is the annual interest rate. If the future value of the investment is $4499.46
When the interest rate is 4%, what rate gives a future value of $4244.83?
A) 4%
B) 2%
C) 0.02%
D) 20%
Correct Answer:

Verified
Correct Answer:
Verified
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