Multiple Choice
Lawson Company invests $60,000 today and has $148,560 by the end of eight years. What is the firm's compound annual interest rate?
A) 10.00%.
B) 12.00%.
C) 18.45%.
D) 40.39%.
E) None of the other answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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