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You have just invested $15,000 in a fund that pays $1,750 per year at the end of each of the next 10 years. a) What

You have just invested $15,000 in a fund that pays $1,750 per year at the end of each of the next 10 years.

a) What is the compound rate of interest being offered in the fund?

b) What would the rate be if the $1750 per year is at the beginning of each year for the next 10 years?

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