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Aaron received an excellent interest rate for her loan of $7,000. Calculate the nominal interest rate compounded semi-annually if the loan accumulated to $7,350.38 in
Aaron received an excellent interest rate for her loan of $7,000. Calculate the nominal interest rate compounded semi-annually if the loan accumulated to $7,350.38 in 5 years and 6 months. % Round to two decimal places Olivia wants to double her money in 9 years in an investment fund. What quarterly compounding interest rate do you suggest that she looks for? % Round to two decimal places Veronica heard that she could triple her money in 27 years if she invested it in her friend's telecommunications business. What nominal interest rate compounded quarterly does the business offer? % Round to two decimal places If an investment grew to $11,000 in 2 years and the interest amount earned was $848.42, calculate the nominal interest rate compounded monthly. % Round to two decimal places Anna invested $210,000 to purchase a home. After 10 years, she sold the home for $285,000. Calculate the effective interest rate earned on this investment. % Round to two decimal places What nominal interest rate compounded semi-annually is equivalent to 4.07% compounded quarterly? % Round to two decimal places
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