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Suppose you invest $110 in a bank account, and five years later it has grown to $135.04. a. What APR did you receive, if the

Suppose you invest

$110

in a bank account, and five years later it has grown to

$135.04.

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

enter your response here%.

(Round to four decimal places.)

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