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Business, 15.02.2020 00:36 maro1488

Mona Persian is considering a new investment fund with a semiannual interest rate of 2.5%. Any money she invests would have to be left in it for at least five years if she wanted to withdraw it without a penalty. a)What is the nominal interest rate?b)What is the effective annual interest rate?c)If Mona deposits $10,000 in the fund now, how much should it be worth in five years?

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