Month-end contributions of $150 were made to an RESP fund for ten years. If the accumulated value
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Month-end contributions of $150 were made to an RESP fund for ten years. If the accumulated value of the fund at the end of the last contribution was $25,000, calculate the effective interest rate at which the fund was growing.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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