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Lawson Company Invests $60,000 Today and Has $148,560 by the End

Question 3

Multiple Choice

Lawson Company invests $60,000 today and has $148,560 by the end of eight years.What is the firm's compound annual interest rate?

A) 10.00%.
B) 12.00%.
C) 18.45%.
D) 40.39%.
E) None of thesE.

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