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Business, 03.05.2021 15:00 hahahwha

Bill deposits 1,000 into a fund for 15 years. The fund pays interest at the end of each 6-month period at a nominal annual rate of i convertible semi-annually. The interest payments are reinvested in a separate fund earning interest at an annual effective rate of 6%. During the 15-year period, Bill earns an annual effective yield of 7.56%. Calculate i.

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