Victoria saved $416 every six months for eight years. What nominal rate of interest compounded annually is

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Victoria saved $416 every six months for eight years. What nominal rate of interest compounded annually is earned if the savings account amounts to $7720 in eight years?

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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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Question Posted: Sep 21, 2024 05:20 AM

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Victoria saved $416 every six months for eight years. What nominal rate of interest compounded annually is earned if the savings account amounts to $7720 in eight years?
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Victoria saved $416 every six months for eight years. What nominal rate of interest compounded annually is

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Contemporary Business Mathematics with Canadian Applications

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