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    Exam 2: Compound Interest
  5. Question
    What Simple Interest Rate,r,is Equivalent to J<sub>6</sub> = 8% Over
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What Simple Interest Rate,r,is Equivalent to J6 = 8% Over

Question 60

Question 60

Multiple Choice

What simple interest rate,r,is equivalent to j6 = 8% over 8 months?


A) 16.77%
B) 8.16%
C) 15.08%
D) 7.74%

Correct Answer:

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