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Calculate the value of a $50,000 investment currently held in an investment fund that earns a...

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Finance

Calculate the value of a $50,000 investment currently held in aninvestment fund that earns a nominal rate of 8% annually,compounded weekly, for 10 years.  What is the effectiveinterest rate?

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4.4 Ratings (666 Votes)
Information provided Present value 50000 Time 10 years52 520 weeks Interest rate 852 01538 per week The question is solved by computing    See Answer
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