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QUESTION
you can earn 5% per year compounded annually for the next 4 years, followed by 8% per year compounded quarterly for 5 years.
you can earn 5% per year compounded annually for the next 4 years, followed by 8% per year compounded quarterly for 5 years. What is the average annual compounded rate of return over the 9 year period? Express your answer with monthly compounding
