Question: 1)How long will it take for a single cash flow $800 to grow to $1500 in a found earning interest rate 9.8% compounded semi-annually? 2)

1)How long will it take for a single cash flow $800 to grow to $1500 in a found earning interest rate 9.8% compounded semi-annually?

2) A deposit of $882.92 today will allow you to withdraw $1,000 in 4 years and another $1,200 in 8 years. What annual effective interest rate is assumed?

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