Suppose you invest 101 in a bank account and five years


Suppose you invest $101 in a bank account, and five years later it has grown to $138.64

a. What APR did you receive, if the interest was compounded semi-annually? ___%

b. What APR did you receive if the interest was compounded monthly?

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Financial Management: Suppose you invest 101 in a bank account and five years
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