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    Principles of Macroeconomics Study Set 8
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    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
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    Bert Put $75 into an Account and One Year Later
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Bert Put $75 into an Account and One Year Later

Question 77

Question 77

Multiple Choice

Bert put $75 into an account and one year later had $100.What interest rate was paid on Bert's deposit?


A) 20 percent
B) 25 percent
C) 28 percent
D) None of the above is correct.

Correct Answer:

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