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6. An amount of money was invested at an interest rate of 8,9% pa compounded quarterly. Two and a half years later the interest rate

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6. An amount of money was invested at an interest rate of 8,9% pa compounded quarterly. Two and a half years later the interest rate changed to 10,3% pa compounded monthly and the money was reinvested at that time for a further eighteen months. Calculate the overall equivalent effective annual interest rate (rounded to two decimal places) for the entire investment period

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