You have the opportunity to make an investment of $100,000 today and receive $1250 at the end
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You have the opportunity to make an investment of $100,000 today and receive $1250 at the end of every month for the next ten years. Calculate the nominal interest rate compounded monthly on this investment.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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