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    Exam 9: Compound Interest: Further Topics and Applications
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    If a $5,000 Investment Grew to $6,450 in 30 Months
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If a $5,000 Investment Grew to $6,450 in 30 Months

Question 132

Question 132

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If a $5,000 investment grew to $6,450 in 30 months of monthly compounding, what effective rate of return was the investment earning?

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