Question Completion Status:
QUESTION 12
Your parents have established a college savings fu...
Question Completion Status:
QUESTION 12
Your parents have established a college savings fund for you by depositing $61,500. If you can withdraw $15,000 annually at the end of each year for 5
years, what approximate rate of interest is being earned on the fund?
O
A. 7%
O B.22%
O C.2.4%
O D.4.1%
Answers: 2
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