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What annually compounding interest rate is an investment

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Problem 1: What annually compounding interest rate is an investment earning if it grows from $2,000 to $2,960.49 in 5 years with interest paid twice per annum? Show your calculations

Reference no: EM132838099

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What annually compounding interest rate is an investment : What annually compounding interest rate is an investment earning if it grows from $2,000 to $2,960.49 in 5 years with interest paid twice per annum?
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