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You have $50,000 today. You want to deposit this money in some account in order to have $100,000 in three years? At what annual percentage

You have $50,000 today. You want to deposit this money in some account in order to have $100,000 in three years? At what annual percentage rate (APR) should you invest this money to

achieve your goal? What is the effective annual rate (EAR with monthly compounding?

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3. You have $50,000 today. You want to deposit this money in some account in order to have $100,000 in three years? At what annual percentage rate (APR) should you invest this money to achieve your goal? What is the effective annual rate (EAR) with monthly compounding? [10 pts]

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