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Question
What is the average implicit interest rate on a $100,000 account if the bank's average management costs are $2,500 and annual fees average $1,750?
A. 4.25 percent.
B. 2.50 percent.
C. 1.75 percent.
D. 0.75 percent.
E. -0.75 percent.
Answer
This answer is hidden. It contains 53 characters.
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