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An investment that pays interest quarterly (every 3 months) offers to triple your money in 6 years. What is the quarterly interest rate? You plan
An investment that pays interest quarterly (every 3 months) offers to triple your money in 6 years. What is the quarterly interest rate?
You plan to retire in 25 years. An investment fund will pay an 7% annual return for the first 15 years and then a 5% annual return for the last 10 years. How much would you need to invest today so that your investment fund has a value of one million dollars when you retire?
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