Question
A principal of $53000 compounded monthly amounts to $71669.03 in 6years. What is the periodic and nominal annual rate of interest? PV = FV =
A principal of $53000 compounded monthly amounts to $71669.03 in 6years. What is the periodic and nominal annual rate of interest?
PV =
FV =
CY =
n = 72
i = ( up to 4 decimal places)
IY = % ( up to 2 decimal places)
Please answer in same sequence
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Authors: Warren Ray Benjamin
1st Edition
979-8860106413
