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Homework answers / question archive / A $10,000 investment earned $2,000 interest after 39 months of semiannual compounding

A $10,000 investment earned $2,000 interest after 39 months of semiannual compounding

Finance

A $10,000 investment earned $2,000 interest after 39 months of semiannual compounding. What effective rate of return did the investment earn?

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