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Calculate the effective rate of interest, if $10 000 grew to $15 000 in 4 years with quarterly compounding. A) 12.28% B) 10.67% C) 4.06%
Calculate the effective rate of interest, if $10 000 grew to $15 000 in 4 years with quarterly compounding. A) 12.28% B) 10.67% C) 4.06% D) 8.45% E) 0.85%
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