The first-year one-year interest rate is 1.14%, the second-year (also one-year) interest rate is 2.33%, the third-year (also one-year) interest rate is 2.84%, and the fourth-year (also one-year) interest rate is 3.21%. What is the four-year total holding interest rate if you reversed the sequence of rates (highest in year 1, lowest in year 4)? 

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If we reverse the sequence of interest rates then the first years rate w... View the full answer