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I need help solving this Assume that you invest $25,000 at a nominal interest rate of 5% compounded semi- annually for 20 years. Determine the
I need help solving this
Assume that you invest $25,000 at a nominal interest rate of 5% compounded semi- annually for 20 years. Determine the following:
- The effective annual interest
- The value of the investment at the end.
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