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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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    Susan Put $375 into an Account and One Year Later
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Susan Put $375 into an Account and One Year Later

Question 156

Question 156

Multiple Choice

Susan put $375 into an account and one year later had $405.What interest rate was paid on Susan's deposit?


A) 5 percent
B) 7 percent
C) 8 percent
D) 10 percent

Correct Answer:

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