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Again, suppose you plan to invest $20,000 for 3 years. Your money will be compounded semi-annually. What rate of return, r, would cause this amount
Again, suppose you plan to invest $20,000 for 3 years. Your money will be compounded semi-annually. What rate of return, r, would cause this amount to grow to $25,000? NOTE: Your final result must be annualized.
7.72% | ||
3.71% | ||
7.58% | ||
None of the above |
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