Question
4) A small business invested its years profits of $58,000 into a fund that matures to $74,550 in 3 years. Compute the nominal interest rate,
4) A small business invested its years profits of $58,000 into a fund that matures to $74,550 in 3 years. Compute the nominal interest rate, compounded monthly, that would provide this return
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
