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    Exam 5: The Time Value of Money
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    An Investment Today of $3300 Is Worth $10,000 in 8
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An Investment Today of $3300 Is Worth $10,000 in 8

Question 61

Question 61

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An investment today of $3300 is worth $10,000 in 8 years.At what rate has your investment been growing (annually)over the 8 years?

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$10,000 = 3300(1 + r)8; 10,000/...

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