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3) An investment of $60,000 (PV) earned $10,000 in interest (I) over a two-and-a-half-year period (Hint: FV = PV + I). What was the nominal

3) An investment of $60,000 (PV) earned $10,000 in interest (I) over a two-and-a-half-year period (Hint: FV = PV + I). What was the nominal interest rate compounded monthly associated with the investment? (10.2 Find i)

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