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If a $30,000 investment grew to $42.005 in 6 2/7 years of quarterly compounding, what effective rate of return was the investment earning? (Do not
If a $30,000 investment grew to $42.005 in 6 2/7 years of quarterly compounding, what effective rate of return was the investment earning? (Do not round the intermediate calculations. Round your answer to two decimal places) Effective rate
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