Required information A friend tells you she has saved for seven years and has a present...

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Required information A friend tells you she has saved for seven years and has a present sum of $26,000, which she earned at the rate of 11% per year, compounded annually. Using the EFFECT function, find the effective rate per year. The effective rate per year is L 7%

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Required information A friend tells you she has saved for seven years and has a present...

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