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9. L023 Calculate the nominal annual rate of interest (a) at which $2500 will grow to $4000 in eight years compounded quarterly; (b) at which
9. L023 Calculate the nominal annual rate of interest (a) at which $2500 will grow to $4000 in eight years compounded quarterly; (b) at which money will double in five years if compounded semi-annually; (c) if the effective annual rate of interest is 9.2% and compounding is done monthly; (d) that is equivalent to 8% compounded quarterly
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