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An advertisement for an investment company states that a person can deposit $150 every six months into an account and after eight years the account
An advertisement for an investment company states that a person can deposit $150 every six months into an account and after eight years the account will have $3000. If the interest is converted semiannually, determine the nominal interest rate for this savings plan to the nearest 0.1%. (5.8%) Cannot use Excel.
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