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Suppose you invest $100 in a bank account, and five years later it has grown to $139.84. a. What APR did you receive, if the
Suppose you invest $100 in a bank account, and five years later it has grown to $139.84.
a. What APR did you receive, if the interest was compounded semiannually?
b. What APR did you receive if the interest was compounded monthly?
a. What APR did you receive, if the interest was compounded semiannually?
The APR for semiannual compounding is
%. (Round to four decimal places )
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The Complete Guide To Capital Markets For Quantitative Professionals
Authors: Alex Kuznetsov
1st Edition
0071468293, 978-0071468299
