Question: If the first-year interest rate is 5%, the second year interest rate is 6.50%, and the third year interest rate is 7%, then what is

If the first-year interest rate is 5%, the second year interest

If the first-year interest rate is 5%, the second year interest rate is 6.50%, and the third year interest rate is 7%, then what is the three-year total holding rate of return? (Give your answer in decimals, not in percentages.)

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