Question
Amber invested an amount of $28,000 in a mutual fund. After 3 years and 9 months the accumulated value of his investment was $30,791.08. What
Amber invested an amount of $28,000 in a mutual fund. After 3 years and 9 months the accumulated value of his investment was $30,791.08. What is the semi-annually compounded nominal interest rate of the investment?
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Investing In Fixed Income Securities Understanding The Bond Market
Authors: Gary Strumeyer
1st Edition
0471465127, 9780471465126
