Hira's investment fund grew from $250,000 to $500,050 in 20 years. Calculate the semi-annually compounded interest rate

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Hira's investment fund grew from $250,000 to $500,050 in 20 years. Calculate the semi-annually compounded interest rate of the fund.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Aug 30, 2024 09:05 AM

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Hira's investment fund grew from $250,000 to $500,050 in 20 years. Calculate the semi-annually compounded interest rate

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