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What is the annual interest rate

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Reference no: EM131355888

1. Simple interest of $190.67 is owed on a loan of $550 after four years and four months. Wha t is the annual interest rate?

2. How much will be in a bank account at the end of five years if €2000 is invested today at 12% interest per annum, compounded yearly?

Reference no: EM131355888

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