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Suppose you invest $ 103 $103 in a bank account, and five years later it has grown to $ 133.89 $133.89. a. What APR did
Suppose you invest $ 103
$103 in a bank account, and five years later it has grown to $ 133.89
$133.89.
a. What APR did you receive, if the interest was compounded semiannually?
b. What APR did you receive if the interest was compounded monthly?
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