Question
An amount of $1200 is deposited into an account which pays interest compounded continuously. After two and one-half years the account is worth $1425. Find
An amount of $1200 is deposited into an account which pays interest compounded continuously. After two and one-half years the account is worth $1425. Find the nominal interest rate to the nearest 0.01%. Please please show work! Thank you!!
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner, Jason Mose
5th Edition
0323415164, 9780323415163
