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    Exam 4: Applying the Time Value of Money to Security Valuation
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    At What Interest Rate Would Investing $1000 in a Bank
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At What Interest Rate Would Investing $1000 in a Bank

Question 31

Question 31

Multiple Choice

At what interest rate would investing $1000 in a bank leave you as well off as receiving $1078 in 12 months' time?


A) 5%
B) 78%
C) 10%
D) 7.8%

Correct Answer:

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