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Home Q & A Board Science-Related Homework Help Mathematics
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JohnCena494 JohnCena494
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A year ago

Sami has an opportunity to invest $50,000 in a business that is expected to earn rates of return of 5.4%, 6.2%, 7.1% and 8% compounded annually over the next four years. What is the single equivalent rate of return (rounded to two decimal places)?

a. compounded monthly          b. compounded semiannually

Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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GlitterBug11GlitterBug11
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A year ago
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JohnCena494 Author
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A year ago
Good timing, thanks!
mikeh209
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Yesterday
Helped a lot
ealvino1610
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2 hours ago
This helped my grade so much Perfect
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