menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
  5. Question
    You Put $150 in the Bank Two Years Ago and Forgot
Solved

You Put $150 in the Bank Two Years Ago and Forgot

Question 51

Question 51

Multiple Choice

You put $150 in the bank two years ago and forgot about it.The bank sends you a notice that you now have $169.34 in your account.What interest rate did you earn?


A) 5.50 percent
B) 5.65 percent
C) 6.25 percent
D) 7.05 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: Which of the following is the correct

Q47: Which of the following is the correct

Q48: A company that produces baseball gloves is

Q49: A firm has three different investment options,each

Q50: The You Look Marvelous! cosmetic company is

Q52: Greg's Tasty Ice Cream is considering building

Q53: Discounting refers directly to<br>A)finding the present value

Q54: Suppose you win the lottery and one

Q55: Suppose the interest rate is 7 percent.Consider

Q56: Ronaldo's Foods considered building a store in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines