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Suppose that an investment grows from Php2,500.00 to Php3,000.00 in 5 years. What is the effective interest rate earned by this investment? 1 -

Suppose that an investment grows from Php2,500.00 to Php3,000.00 in 5 years. What is the effective interest rate earned by this investment? 1 - 1.2 1 + 1.2 1.2-1 1.2 +1

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