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A- Finding the monthly compounded rate of return on an investment that turns $6176 into...

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Accounting

A- Finding the monthly compounded rate of return on an investment that turns $6176 into $11964 over 6.5 years, what is the value used for m?

B- What monthly compounded rate of return is required to turn $6176 into $11964 over 6.5 years?

(to 3 decimal places)

(do not include the % sign in the answer)

Answer & Explanation Solved by verified expert
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