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Home Q & A Board Science-Related Homework Help Mathematics
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JohnCena494 JohnCena494
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10 months 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

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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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GlitterBug11GlitterBug11
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