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-When discounted to yield 9.5% compounded quarterly, a $4500 four-year promissory note bearing interest at 11.5% compounded semiannually was priced at $5697.84. To the nearest month, how long after the issue date did the discounting take place?
-For three successive years, an investment paid annual rates of return of 5.8%, 3.4%, and - 2.25%. Calculate the funds equivalent annually compounded rate of return over the three years. Round to the nearest 0.01%.
*No Excel*
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