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can you please include the steps taken? 1. What is the difference between nominal and effective interest rate? 2. If you invest $7,000 at 3%

can you please include the steps taken?

1. What is the difference between nominal and effective interest rate? 2. If you invest $7,000 at 3% interest, how much will you have in 3 years? 3. How much must you invest at 6% interest in order to see your investment grow to $1000 in 4 years

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