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You invested $ 5 , 0 0 0 in an account which earns compound discount rate of 8 % for the first 5 years, followed

You invested $ 5,000 in an account which earns
compound discount rate of 8% for the first 5 years, followed by
effective compound Interest rate of 9% for the next 5 years.
a) What is the effective interest rate earned during the period
[3,7]?
b) What is the effective discount rate earned during the period
[4,9]?

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