Multiple Choice
Your accountant tells you that if you can continue to earn the current interest rate on your balance of $800 for the next two years you will have $898.88 in your account. If your accountant is correct what is the current interest rate?
A) 6 percent
B) 7 percent
C) 8 percent
D) 9 percent
Correct Answer:
Verified
Correct Answer:
Verified
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