What Is the Quarterly Interest Rate That You Will Need

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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