Multiple Choice
Interest rate: Ray Seo has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return earned on this investment?
A) 9.3%
B) 8.7%
C) 11.1%
D) 10.4%
Correct Answer:
Verified
Correct Answer:
Verified
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