Towne Station Is Saving Money to Build a New Loading

question 22

Multiple Choice

Towne Station is saving money to build a new loading platform. Three years ago, they set aside $23,000 for this purpose. Today, that account is worth $31,406. What rate of interest is Towne Station earning on this investment?

• A) 8.39 percent
• B) 9.47 percent
• C) 10.94 percent
• D) 8.23 percent
• E) 9.01 percent

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Definitions:

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An unfavorable view formed about someone or something based on their actions, appearance, or information presented.

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