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Solve the Problem. -At What Interest Rate Must $4200 Be Compounded Annually to Compounded

Question 205

Multiple Choice

Solve the problem.
-At what interest rate must $4200 be compounded annually to equal $7521.56 after 10 yr? (Round to the nearest percent.)

A) 5%
B) 7%
C) 8%
D) 6%

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