A fund pays interest at j₁ = 5% for the first 3 years,j₄ = 10% for one year,and j₁₂ = 12% for one year.What is the equivalent nominal interest rate,j₂,earned over the 5 years?

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The Answer of A fund pays interest at j₁ = 5% for the first 3 years,j₄ = 10% for one year,and j₁₂ = 12% for one year.What is the equivalent nominal interest rate,j₂,earned over the 5 years?

A Fund Pays Interest at J1 = 5% for the First

A Fund Pays Interest at J₁ = 5% for the First