Compute both the annual percentage-r simple

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Krystal Magee invested $150,000 18 months ago. Currently, the investment is worth $179,422. Krystal knows the investment has paid interest every month, but she doesn't know what the yield on her investment is. Help Krystal. Compute both the annual percentage (APR), r simple, and the effective annual rate (EAR), rEAR.

Reference no: EM13877685

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