1 If you have 7 00 now and 8 10 in 3 years what is the Effective Annual Interest Rate

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Latest exam Aptitude Question SOLUTION: 1) If you have $7.00 now and $8.10 in 3 years, what is the Effective Annual Interest Rate? 2) If you have $9.00 now and $11.84 in 7 years, what is the Effective Annual Interest