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With end of month contributions of 25133 an investment

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With end of month contributions of $251.33, an investment account is expected reach $100,000 in value after 15 years and 5 months.

Note: Type only your number in the following blanks. Do not include a % sign or any words. Round your answers to 2 decimal places.

(a) Determine the nominal rate of return to reach this projected growth.

(b) Determine the effective rate of return to reach this projected growth.

Reference no: EM13584588

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