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What is the APY (EAR) for the following investments (i) 1% return over 25 days; and (ii) 7.5% return over 65 days? Assume 365 days
What is the APY (EAR) for the following investments (i) 1% return over 25 days; and (ii) 7.5% return over 65 days? Assume 365 days in a year.
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