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    Financial Managerial Accounting Study Set 2
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    Exam 28: The Time Value of Money: Future Amounts and Present Values
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    If I Invest $50,000 Today for 5 Years and It
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If I Invest $50,000 Today for 5 Years and It

Question 13

Question 13

Multiple Choice

If I invest $50,000 today for 5 years and it grows to $84,253,what rate of interest have I received?


A) 5%.
B) 6%.
C) 11%.
D) 12%.

Correct Answer:

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