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a) an investor wants to turn $100 into $1000. if his investments promise a nominal interest rate of 4% compounded monthly, how long will this

a) an investor wants to turn $100 into $1000. if his investments promise a nominal interest rate of 4% compounded monthly, how long will this take? round your answer to two decimal places
b) if you want to turn $2000 into $3000 in four years, what effective rate of interest would you need? assume interest is compounded monthly. write your answer as a percentage rounded to two decimal places

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