What exactly is the conversion rate

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Reference no: EM132636262

Is this based off of compounding interests or simple interest? What exactly is the conversion rate?

Problem 1: How many years will it take for your $200 investment to reach $10,000 at 4.50%?

Select one:

a. 88.88

b. 122.57

c. 8695.34

d. 26.78

Reference no: EM132636262

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