Multiple Choice
Your accountant tells you that if you can continue to earn the current interest rate on your balance of $500 for ten years,you will have about $983.58.If your accountant is correct,what is the current rate of interest?
A) 5 percent
B) 6 percent
C) 7 percent
D) 8 percent
Correct Answer:
Verified
Correct Answer:
Verified
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