Multiple Choice
Solve the problem.
-Find the required annual interest rate, to the nearest tenth of a percent, for $5100 to grow to $6400 if interest is compounded quarterly for 7 years.
A) 0.8%
B) 3.3%
C) 4.1%
D) 1.6%
Correct Answer:
Verified
Correct Answer:
Verified
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