Question
Alexis has been investing $300 at the end of each month into a Mutual Fund. The account has accumulated $15,457.33 since she started investing 4
Alexis has been investing $300 at the end of each month into a Mutual Fund. The account has accumulated $15,457.33 since she started investing 4 years ago. What nominal interest rate compounded monthly is Alexis getting on her investment? Round your answer to three decimal places.
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather
8th Edition
0470929383, 978-0470929384
