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    Exam 9: Compound Interest: Further Topics and Applications
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    If the Money Supply Increased from $331
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If the Money Supply Increased from $331

Question 389

Question 389

Essay

If the money supply increased from $331.12 billion to $333.81 billion in a single month, what were the simple and effective annualized rates of increase in the money supply during the month?

Correct Answer:

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Simple = 9...

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