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[2] You invest $100 in a savings account as indicated in the cash flow diagram below. However the interest rate fluctuates during the 5 years
[2] You invest $100 in a savings account as indicated in the cash flow diagram below. However the interest rate fluctuates during the 5 years before you remove your money. Calculate the following (show ALL work for credit): (a) the effective annual interest rate for 12% APR compounded monthly (b) the effective annual interest rate for 10% APR compounded quarterly (c) the value of F at the end of the 5th year
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