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Ten Years Ago,you Put $150,000 into an Interest-Earning Account

Question 21

Multiple Choice

Ten years ago,you put $150,000 into an interest-earning account.Today it is worth $275,000.What is the effective annual interest earned on the account?


A) 47.99%
B) 6.00%
C) 6.25%
D) 8.33%

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