Question: CALCULATE USING EXCEL ONLY. SHOW THE STEPS 10. A mutual fund has been advertising that, had you deposited $250 per months in the fund for

CALCULATE USING EXCEL ONLY. SHOW THE STEPS

10. A mutual fund has been advertising that, had you deposited $250 per months in the fund for the last 10 years, you would now have accumulated $85,000. Assuming that these deposits were made at the beginning of each month for a period of 120 months. Calculate the effective annual return (EAR) fund investors got.

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