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Business, 23.07.2019 00:30 saintsfan2004

Bill is considering investing $450 at the end of every month in a fixed income instrument. he will be receiving $27,000 at the end of 4 years. if the interest is compounded monthly, what is the annual rate of return earned on the investment? a. 22.25% b. 11.56% c. 18.30% d. 15.07% e. 13.58%

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