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Annuity Interest Rate What Annual Interest Rate Would You Need

Question 54

Multiple Choice

Annuity Interest Rate What annual interest rate would you need to earn if you wanted a $200 per month contribution to grow to $14,700 in five years?


A) 6.47 percent
B) 7.76 percent
C) 8.01 percent
D) 14.70 percent

Correct Answer:

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