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please go in dept with the explanation!! the formula i need for this question is: Cn=P(1+i/100m)^n so pleasee try to refer to that formula 23.

please go in dept with the explanation!!

the formula i need for this question is: Cn=P(1+i/100m)^n so pleasee try to refer to that formula

23. The Zynkel mutual fund claims to be an excellent investment based on its returns in the past. Money invested in the fund in 1987 increased to 250% of the original value by 2007. What semi-annual interest rate would account for this increase

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