An investment of 500,000 today that grows to 800,000 after six years has a stated annual interest
Question:
An investment of €500,000 today that grows to €800,000 after six years has a stated annual interest rate closest to:
A. 7.5% compounded continuously.
B. 7.7% compounded daily.
C. 8.0% compounded semiannually.
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