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Six years ago you invested $5,000 into a new investment account that compounds monthly, and you made no further investments. If the balance today is
Six years ago you invested $5,000 into a new investment account that compounds monthly, and you made no further investments. If the balance today is $12,229.60, what are the monthly periodic rate and APY (both rounded as implied in the answers below)? Choose the closest answer. O a 1.50% and 18.0096 Ob. 1.80% and 23.87% O 1.80% and 21.6096 O d. 1.40% and 16.80% Oe. 1.40% and 18.1696 1.2596 and 15.00% Of. 1.259 and 16.0896 1.50% and 19.56% Oh
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