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11 You invest $1,000 in a bank which compounds interest quarterly. You leave the money in the bank for 5 years. It grows to $1,380.42

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11 You invest $1,000 in a bank which compounds interest quarterly. You leave the money in the bank for 5 years. It grows to $1,380.42 What was the nominal rate of interest? Show your work: OV nominal rate interest PV.CEI

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