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An investment is expected to pay a return of $5,250 semi-annually (i.e. at the end of each six months) for the next five years. If
An investment is expected to pay a return of $5,250 semi-annually (i.e. at the end of each six months) for the next five years. If an investor is willing to pay $40,000 for this investment, what effective rate of return is he earning?
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