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Suppose at time 0 you had $1200 in the bank and 30 years later you had $24000. Calculate the effective annual rate of return if
Suppose at time 0 you had $1200 in the bank and 30 years later you had $24000. Calculate the
effective annual rate of return if the bank pays interest continuously.
(USE EXCEL AND SHOW ALL FORMULAS USED)
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Building Financial Models
Authors: John Tjia
2nd Edition
0071608893, 978-0071608893
