Suppose you invest $106 in a bank account, and five years later it has grown...
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Finance
Suppose you invest
$106
in a bank account, and five years later it has grown to
$137.12.
a. What APR did you receive, if the interest was compounded semiannually?
b. What APR did you receive if the interest was compounded monthly?
The APR for semiannual compounding is %.
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