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1- How long did it take for an investment of $30,000 to grow to $33,000 at 1.77% compounded semi-annually? years and months Express the answer
1-
How long did it take for an investment of $30,000 to grow to $33,000 at 1.77% compounded semi-annually?
years
and
months
Express the answer in years and months, rounded to two decimal places
2-
Calculate the effective interest rate for each of the following nominal interest rates:
a. 2.28% compounded quarterly.
%
Round to two decimal places
b. 2.28% compounded monthly.
%
Round to two decimal places
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