For a lump sum investment of 250,000 invested at a stated annual rate of 3% compounded daily,

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For a lump sum investment of ¥250,000 invested at a stated annual rate of 3%

compounded daily, the number of months needed to grow the sum to ¥1,000,000 is closest to:

A. 555.

B. 563.

C. 576.

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Quantitative Investment Analysis

ISBN: 9781119743620

4th Edition

Authors: CFA Institute

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Question Posted: Oct 25, 2024 10:05 AM

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For a lump sum investment of 250,000 invested at a stated annual rate of 3% compounded daily,

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Quantitative Investment Analysis

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