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$20,000 That Was Invested in 1990 Was Worth $147,740 in 2000

Question 12

Multiple Choice

$20,000 that was invested in 1990 was worth $147,740 in 2000. What annual interest rate did the investment earn in that 10 year period? Assume continuous compounding.


A) 119.03%
B) 12.02%
C) 99.03%
D) 20.00%

Correct Answer:

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