An investment has the following interest rates: j₂ = 6% for the first 30 months,followed by j₄ = 8% for the next 36 months,followed by j₆ = 9% for the last 18 months.What is the equivalent j₂ earned over the 7 year period? A)6.24% B)6.68% C)7.56% D)7.70%

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The Answer of An investment has the following interest rates: j₂ = 6% for the first 30 months,followed by j₄ = 8% for the next 36 months,followed by j₆ = 9% for the last 18 months.What is the equivalent j₂ earned over the 7 year period? A)6.24% B)6.68% C)7.56% D)7.70%

An Investment Has the Following Interest Rates: J2 = 6

An Investment Has the Following Interest Rates: J₂ = 6