Multiple Choice
An investor deposited $10,500 in an account. At the end of year four, the account had accumulated $5,728.88. Over the first four years, the account earned ________ compounded annually.
A) 11.5%
B) 12.8%
C) 14.6%
D) 15.6%
E) 23.1%
Correct Answer:
Verified
Correct Answer:
Verified
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