A deposit of $4000 is made at a nominal interest rate of 5.5%. To the nearest thousandth
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A deposit of $4000 is made at a nominal interest rate of 5.5%. To the nearest thousandth of a percent, find the effective (annual) interest rate for each type of compounding.
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A 4000 1 0055 52 52 4...View the full answer
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Related Book For 
College Algebra With Modeling And Visualization
ISBN: 9780134418049
6th Edition
Authors: Gary Rockswold
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