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Please show all steps and formulas used. Solve using excel. Suppose an investment offers to quintuple your money in 12 months (don't believe it). What

image text in transcribed Please show all steps and formulas used. Solve using excel.

Suppose an investment offers to quintuple your money in 12 months (don't believe it). What rate of return per quarter are you being offered? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Quarterly rate of return 49.53 %

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