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The ABC Company deposited $100 000 in a bank account on June 15 and withdrew a total of $115 000 exactly one year later. Compute: (a) the interest which the ABC Company received from the $100 000 investment, and (b) the annual interest rate which the ABC Company was paid.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9478781

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