You invest 1,000 today at 6% with interest paid on a half-yearly basis for four years. What
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You invest €1,000 today at 6% with interest paid on a half-yearly basis for four years. What is the effective annual rate of this investment?
How much will you have at the end of the four-year period?
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Related Book For 
Corporate Finance Theory And Practice
ISBN: 9781119841623
6th Edition
Authors: Pascal Quiry, Yann Le Fur, Pierre Vernimmen
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