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At the end of the year 2020, a banker invested $100,000 to a mutual fund, which promises a 12% return rate compounded semiannually.What is the
At the end of the year 2020, a banker invested $100,000 to a mutual fund, which promises a 12% return rate compounded semiannually.What is the minimum return rate (compounded semiannually) that she must receive so that the balance of her account will be at least $200,000 at the end of the year 2030 (t=10)?
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