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Helen Is Saving to Start a Business

Question 89

Multiple Choice

Helen is saving to start a business.If she invests $10,000 in a savings account now,which of the following is the minimum interest rate required to ensure that she has $25,000 in her account in ten years time?


A) 2.5%
B) 6.4%
C) 9.6%
D) 10.2%
E) 8.7%

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