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A $10,000 investment in a growth-oriented mutual fund over a recent 10-year period would have grown to $126,000. What annual nominal rate would produce the same growth if interest was compounded annually?

How long will it take $10,000 to grow to $12,000 if it is invested at 9% compounded monthly?

Find the APYs (expressed a a percentage, correct to three decimal places) for each of the banks in Table 1 and compare these CDs.

Reference no: EM131895521

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