Review Problem 10 #14 algo (LO1) If a $30,000 investment grew to $42,005...

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Accounting

Review Problem 10 #14 algo (LO1)
If a $30,000 investment grew to $42,005 in 62/7 years of quarterly compounding, what effective rate of return was the investment earning? (Do not round the intermediate calculations. Round your answer to two decimal places.)
Effective rate

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