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Posted on Oct 06, 2024

If a $ 5 0 0 0 investment grew to $ 6 4 5 0 in 3 0 months of monthly compounding, what effective rate

If a $

5000

investment grew to $

6450

30

months of monthly compounding, what effective rate of return was the investment

earning?

(

Round your percentage answer to

2

decimal places.

)

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