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Home Q & A Board Science-Related Homework Help Mathematics
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SunnieeCA SunnieeCA
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5 months ago
Bobby invested $1,000 for five years. For the first two years he earned 9% compounded monthly. For the next two years he earned 11% compounded quarterly. For the final year he earned 14% compounded semiannually. What was his effective rate of return over the five years?

▸ 14.49%

▸ 11.22%

▸ 10.80%

▸ 13.38%

▸ 13.99%
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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realistpnoyrealistpnoy
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5 months ago
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11.22%
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