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27. NHO C5 MC153 .. You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the

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27. NHO C5 MC153 .. You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $11,150 in your account. If the bank compounds Interest monthly, what nominal annual interest rate will you be earning? 07.11% 8.70 5 6.67 0 0.00 actory 09.10

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