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Unformatted text preview: bought the stock for $100 and she claims it has increased in value 13% each year on average. If this is true, then how long has she owned this GE stock? 3. (8 points) You have $5000 to put in the bank for 3 years and you need to choose between two investment choices. Bank A will pay you 3% annually on your money over the next three years. Bank B promises you $5500 at the end of three years if you invest your money with them. Which one do you choose?...
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- Fall '08
- WELLMAN, J