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Eckelberger Products Inc. makes high-speed recorders with high-speed scanning. The small company has been growing at an average rate of 65% per year for the past 4 years. The CEO asked you to convert the past growth rate into a semi-annually rate for its annual report. If the past growth rate was an effective rate, what was the effective growth rate semi-annually?

The effective growth rate semi-annually is

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Financial Management, Finance

Category:- Financial Management
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