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Question
The one-year interest rate is 4.80 percent and the two-year interest rate is 5.13 percent. What is the one year interest rate one year from now? Assume the rates are effective annual rates.A. 5.02 percent
B. 5.23 percent
C. 5.46 percent
D. 5.51 percent
E. 5.74 percent
Answer
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