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Business, 24.09.2020 21:01, angiejtc0908
An investment producing cash flows in the amount of $1,200 per month is undertaken for a period of 28 months. The investor pays $24,000 for the investment and the contract stipulates that investment returns must be reported on a basis equivalent with annual compounding. Give that the investment is sold after 28 months, what would be the equivalent annual compound rate of interest reported to the investor
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