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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 89

Question 89

Multiple Choice

What is the annual interest rate earned on a deposit that grew from $60 to $111.06 over the last 8 years?


A) 14%
B) 12%
C) 8%
D) 6%

Correct Answer:

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