Question
A fund of $20000 is to be accumulated at the end of 8 years with payments at the end of each year. The first five
A fund of $20000 is to be accumulated at the end of 8 years with payments at the end of each year. The first five payments are $1000 each, while the last 3 payments are $3000 each. Find the nominal rate of interest.
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Financial Times Guide To The Financial Markets
Authors: Glen Arnold
1st Edition
0273730002, 978-0273730002
