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At what nominal annual rate of interest will money double itself in (a) seven years, three months if compounded quarterly? (b) five years, six months
At what nominal annual rate of interest will money double itself in (a) seven years, three months if compounded quarterly? (b) five years, six months if compounded semi-annually? (a) The nominal annual rate of interest for money to double itself in seven years, three months is % per annum compounded quarterly. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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