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    Exam 3: Understanding and Appreciating the Time Value of Money
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    What Is the Annual Interest Rate Earned on a Deposit
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What Is the Annual Interest Rate Earned on a Deposit

Question 6

Question 6

Multiple Choice

What is the annual interest rate earned on a deposit that grew from $250 to $502.84 over the last 5 years?


A) 15%
B) 13%
C) 11%
D) 9%

Correct Answer:

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