Find the nominal annual rate of interest (a) At which $1500 will grow to $1800 in four

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Find the nominal annual rate of interest
(a) At which $1500 will grow to $1800 in four years compounded monthly;
(b) At which money will double in seven years if compounded quarterly;
(c) If the effective annual rate of interest is 7.75% and compounding is done monthly;
(d) That is equivalent to 6% compounded quarterly.
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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