Multiple Choice
Find the present value of the future value.
-Find the required annual interest rate, to the nearest tenth of a percent, for $1100 to grow to $1400 if interest is compounded monthly for 6 years.
A) 4.0%
B) 0.3%
C) 2.7%
D) 8.1%
Correct Answer:
Verified
Correct Answer:
Verified
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