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27 of 30 Sally Saver invested $5000 into a fixed APR savings account 7 years ago. Today the account has a balance of $6587. Given
27 of 30 Sally Saver invested $5000 into a fixed APR savings account 7 years ago. Today the account has a balance of $6587. Given that his account offered quarterly compounding of interest, the APR on this account is? (Note: Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The APR on this account is %
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
12th Edition
0471675792, 9780471675792
