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A dot-com company plans to place money in a new venture capital fund that currently returns 18% per year, compounded daily, what effective rate is this (a) yearly and (b) semi-annually?
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A dot-com company plans to place money in a new venture capital fund that currently returns 18% per year, compounded daily, what effective rate is this (a) yearly and (b) semi-annually?

User Glen Solsberry
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Answer:it is 18*20 effective every year

Explanation:

User Mbuechmann
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