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Initially, $80,000 is put into an investment account. Three months later, $7,000 is withdrawn. Two years after the initial investment, the account is worth $83313.70. Assuming a dollar-weighted method for the first year, and a time-weighted method for the second year, the effective annual interest rate was equal to the same value each year. What is that value?

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Financial Management, Finance

Category:- Financial Management
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