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Calculate the effective annual interest rate

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Reference no: EM133013238

Question - Calculate the effective annual interest rate for:

a. a transaction in which R200 is invested 18 months to give R350.

b. a transaction in which R100 is invested for 24 months and another R100 is invested for 12 months (starting 12 months after the first investment) to give a total of R350.

Reference no: EM133013238

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