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    Contemporary Business Mathematics Study Set 1
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    Exam 10: Compound Interest - Further Topics
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    What Is the Quarterly Interest Rate That You Will Need
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What Is the Quarterly Interest Rate That You Will Need

Question 52

Question 52

Multiple Choice

What is the quarterly interest rate that you will need to earn in order for an investment of $1635 to grow to be $1748.73 after 2.25 years?


A) 12.93%
B) 13.93%
C) 10.93%
D) 8.93%
E) 3.00%

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