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Five deposits of 1 0 0 are made into a fund at two - year intervals with the first deposit at the beginning of the
Five deposits of are made into a fund at twoyear intervals with the first deposit at the beginning of the first year. The fund earns interest at an annual effective rate of during the first years and at an annual effective rate of thereafter. Calculate the annual effective yield rate earned over the investment period ending at the end of the tenth year.
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