A calculator distributor invested its net income of $35,000 in a mutual fund. Calculate the nominal interest

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A calculator distributor invested its net income of $35,000 in a mutual fund. Calculate the nominal interest rate compounded semi-annually if the accumulated value in 2 years and 7 months was $44,650.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Aug 30, 2024 09:05 AM

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A calculator distributor invested its net income of $35,000 in a mutual fund. Calculate the nominal interest

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Mathematics Of Business And Finance

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