Jerome's $50,000 investment had grown to $120,000 in 10 years of semi-annual compounding rates. Calculate the nominal

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Jerome's $50,000 investment had grown to $120,000 in 10 years of semi-annual compounding rates. Calculate the nominal interest rate earned and the equivalent effective interest rate of return on the investment.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Jerome's $50,000 investment had grown to $120,000 in 10 years of semi-annual compounding rates. Calculate the nominal

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Mathematics Of Business And Finance

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