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Calculate the nominal rate of interest corresponding to each of the following 3 scenarios. Note: Please make sure your final answer(s) are in percentage form
Calculate the nominal rate of interest corresponding to each of the following 3 scenarios. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Maturity Compounding Nominal Principal Amount Frequency Rate Term $13,000.00 $19,223.58 Quarterly 0.00% 7 years, 6 months $95,000.00 $225,142.29 Semi-annually 0.00% $92,000.00 $215,319.46 Semi-annually 0.00% 11 years 15 years
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