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    Exam 2: Compound Interest
  5. Question
    What Simple Interest Rate,r,is Equivalent to J<sub>12</sub> = 9% Over
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What Simple Interest Rate,r,is Equivalent to J12 = 9% Over

Question 84

Question 84

Multiple Choice

What simple interest rate,r,is equivalent to j12 = 9% over a 2-year period?


A) 9.82%
B) 9.41%
C) 9.38%
D) 8.30%

Correct Answer:

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