Multiple Choice
Carlita invested $10,000 for 25 years. For the first 15 years she earned 15% compounded semi-annually. For the last 10 years she earned 9.6% compounded monthly. What was her effective rate of return over the 25 years?
A) 13.32%
B) 10.03%
C) 15.56%
D) 12.30%
E) 14.51%
Correct Answer:
Verified
Correct Answer:
Verified
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