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Use the Formula i=Prti = P r t To Reach a Solution for the Following Problem

Question 190

Multiple Choice

Use the formula i=Prti = P r t to reach a solution for the following problem. How long (in years) will $7,560 need to be invested at a 7% annual interest rate to earn $2,646.00?


A) t = 4
B) t = 5
C) t = 7
D) t = 10
E) none of these

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