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4 and 5 and 6 A man makes a $ 1000 investment every year on December 31. Interest is 10% per year, but compounded semi-annually

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4 and 5 and 6
A man makes a $ 1000 investment every year on December 31. Interest is 10% per year, but compounded semi-annually (every 6 months). He makes 10 investment in all. Find the effective annual interest rate Use your result in a to find the value of the investment immediately after the 10^th investment. In the formula, P = F (l + i)^n is called the Sinking Fund Factor Single Payment Present Worth Factor Single Payment Compound Amount Factor Capita] Recovery Factor Uniform Series Present Worth Factor None of the above The effective interest rate of 6% interest rate compounded quarterly is: 6% 6.09% 6.14% 6.17% None of the above

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