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a)

b)

You invested $9,500 at the end of each half-year for 5 years in an investment fund. At the end of year 5, if the balance in the fund was $111,000, what was the nominal interest rate compounded semi-annually? 0.00% Round to two decimal places Quarter-end payments of $1,430 are made to settle a loan of $36,280 in years. What is the effective interest rate? 0.00 % Round to two decimal places