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Find the annual effective rate of interest governing account

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Question - Marianne deposits $2,000 in a five-year certificate of deposit. At maturity, the balance is $2,580.64. Find the annual effective rate of interest governing the account.

Reference no: EM133113383

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Find the annual effective rate of interest governing account : Marianne deposits $2,000 in a five-year certificate of deposit. At maturity, the balance is $2,580.64. Find annual effective rate of interest governing account
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