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    Exam 9: Compound Interest: Further Topics and Applications
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    At What Annually Compounded Interest Rate Will an Investment of $71,294.69
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At What Annually Compounded Interest Rate Will an Investment of $71,294.69

Question 55

Question 55

Multiple Choice

At what annually compounded interest rate will an investment of $71,294.69 double in 90 months?


A) 6.97%
B) 7.23%
C) 9.68%
D) 9.28%
E) 10.55%

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