18. What APR is being earned on a deposit of $5,000 made 10 years ago today if the deposit is worth $9,848.21
today? The deposit pays interest semiannually. (please show work or financial calculator steps)
A. |
3.56% |
B. |
6.76% |
C. |
6.89% |
D. |
7.12% |
18. What APR is being earned on a deposit of $5,000 made 10 years ago today...
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