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SunnieeCA SunnieeCA
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10 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%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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realistpnoyrealistpnoy
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