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Suppose a(t) = 1.12-0.05. (a) How much interest will be earned during the 5th year on an initial in- vestment of $12? (b) What

 

Suppose a(t) = 1.12-0.05. (a) How much interest will be earned during the 5th year on an initial in- vestment of $12? (b) What is the effective annual interest rate during the 5th year?

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