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sp2606 [1]
3 years ago
8

Mike is considering investing $18,500 in an investment that will have a maturity value of $32,500 in 8 years. if the interest is

compounded monthly, what is the annual rate of return earned on the investment?
Business
1 answer:
mart [117]3 years ago
7 0
<span>Mike is considering investing $18,500 in an investment that will have a maturity value of $32,500 in 8 years. if the interest is compounded monthly, what is the annual rate of return earned on the investment?

7.06%
</span>
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