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a 3. You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the
a 3. 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 $13.000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning? a. 7.62% I b. 8.00% 1 c. 8.40% d. 8.82% e. 9.26%
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