What is the EAR when an investment grows from $110 to $120 after 2 years?
Please show formula used and work
$120 = $110 * (1 + r)2
1.0909 = (1 + r)2
1 + r = 1.0445
r = 0.0445 = 4.45%
What is the EAR when an investment grows from $110 to $120 after 2 years? Please...
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