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Morgan invested $220,000 to purchase a home. After 7 years, he sold the home for $285,000. Calculate the effective interest rate earned on this investment.
Morgan invested $220,000 to purchase a home. After 7 years, he sold the home for $285,000. Calculate the effective interest rate earned on this investment.
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Investing In Fixed Income Securities Understanding The Bond Market
Authors: Gary Strumeyer
1st Edition
0471465127, 9780471465126
