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You buy an investment today for $9,000. You sell the investment in 120 days for $9,500. The effective annual rate on this investment is:

a. 13.76%

b. 16.90%

c. 17.61%

d. 14.35%

e. 15.56%

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9447500

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