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Rita Puts $10,000 into to Two Different Assets

Question 183

Multiple Choice

Rita puts $10,000 into to two different assets.The first pays 10% and the second pays 5%.According to the rule of 70,what is the approximate difference in the value of the two assets after 14 years?


A) $12,000
B) $14,000
C) $17,000
D) $20,000

Correct Answer:

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