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Financial Math - MA2007
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Question 20
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Question 20 • Financial Math - MA2007
Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum simple interest rate Maggie needs to reach her goal?a.2.89%b.3.55%c.4.95%d.5.18%
Answer
A
A
B
B
C
C
D
D
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