1 an investment promises to provide 420 growth over 10, Ask an Expert

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1. An investment promises to provide 420% growth over 10 years. What is the effective annual rate of return on the investment?

2. You are taking out a five-year loan of $12,000 with monthly payments. The interest rate is an effective rate of 12% per year compounded annually. How much are the monthly payments?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92267824

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