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At what nominal rate of interest compounded monthly will $40 000,00 earn $7200.00 interest in three years? Select one: A. 6% B. 4.61% C 59%

At what nominal rate of interest compounded monthly will $40 000,00 earn $7200.00 interest in three years? Select one: A. 6% B. 4.61% C 59% D D. 0.461% E. 4.879%

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