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You invest a sum of money at i (12) = 15% for 3 years, followed by i (4) = 12% for 4 years. What equivalent
You invest a sum of money at i (12) = 15% for 3 years, followed by i (4) = 12% for 4 years. What equivalent annually compounded rate of return, i (1), do you earn over the 7 years?
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