Suppose you deposit $1,050 in a savings account now and the account balance after 2...
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Accounting
Suppose you deposit $1,050 in a savings account now and the account balance after 2 years is $1,150. Assuming interest is compounded monthly, what is the annual interest rate? (When you input your answer to Moodle, ignore the % sign and round your answer to 2 decimal places, if necessary. For example, you should input 1.23 if your answer is 1.2345%)
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