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    Exam 5: Time Value of Money-The Basics
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    At What Rate Must $400 Be Compounded Annually for It
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At What Rate Must $400 Be Compounded Annually for It

Question 33

Question 33

Multiple Choice

At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?


A) 6%
B) 5%
C) 7%
D) 8%

Correct Answer:

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