Select the correct answer from each drop-down menu. Elwood invested $5,000 in a money market account and has been tracking its

Question

Select the correct answer from each drop-down menu.
Elwood invested $5,000 in a money market account and has been tracking its progress. He found that after 3 years, the account held $7,100 and
after 8 years, the account held $10.350.
Use this information to complete the statements.
Over the first 3 years, the value of the account increased at
the value of the account increased at an average rate of approximately $
over the last 5 years. Over the entire 8 years.
✓ annually.

Kunduz · Accepted Answer

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