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Harry is depositing $715.00 into an investment account at the end of every quarter. After 5 years, it's expected that his investment will grow to

Harry is depositing $715.00 into an investment account at the end of every quarter. After 5 years, it's expected that his investment will grow to $15,000. Round to two places after the decimal. (a) What is the nominal rate of return he is expected to receive on his investment: I/Y P/Y C/Y N PV PMT FV Answer Answer Answer Answer Answer Answer Answer Harry will earn Answer % compounded Answer (b) What is the effective rate of return? NOM Answer

C/Y Answer

EFF Answer

Harry's effective rate of return is Answer %.

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