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03) Angela has $1300.00 in her savings account earning 7.20% interest compounded semi-annually. How many compounding periods (days, months, years, whatever) until she has doubled
03) Angela has $1300.00 in her savings account earning 7.20% interest compounded semi-annually. How many compounding periods (days, months, years, whatever) until she has doubled her money? A: 21 B: 19 C: 20 D: 23 E: 17 04) Given a nominal annual interest rate of 6.208 compounded semi-annually and an effective annual inflation rate of 1.05%, what is the effective annual real rate of return? A: 5.139678 B: 4.93201% C: 5.29542% D: 5.19159% E: 5.39925%
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