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2.5. How long will it take for an investment of $1,000 to increase to $1,500 at a nominal interest rate of 7% compounded semi-annually? What

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2.5. How long will it take for an investment of $1,000 to increase to $1,500 at a nominal interest rate of 7% compounded semi-annually? What is the IRR for this investment? 2.6. Tom lends a friend $1,000 on the condition that in 10 years, the friend repays $4,000. What is the IRR for this investment

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