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We have an investment with an annual nominal interest rate of 1 6 . 3 % . The investment credits the interest to our account

We have an investment with an annual nominal interest rate of

16.3 % .

The investment credits the interest to our account every

2

months. We currently have

1093000

HUF which we will invest in this investment for

9

years.What is our effective annual return on our investment?

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