Multiple Choice
Fourteen years ago,your parents set aside $7,500 to help fund your college education.Today,that fund is valued at $26,180.What rate of interest is being earned on this account?
A) 7.99 percent
B) 8.36 percent
C) 8.51 percent
D) 9.34 percent
E) 10.06 percent
Correct Answer:
Verified
Correct Answer:
Verified
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