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Canary Company invested $100,000 into a fund for 5 years. What nominal interest rate compounded quarterly did the investment earn if it matured to $142,800
Canary Company invested $100,000 into a fund for 5 years. What nominal interest rate compounded quarterly did the investment earn if it matured to $142,800 at the end of the period? % Round to two decimal places You currently have $28,000 in your savings account. At what nominal interest rate compounded quarterly would your savings grow to $88,909.96 in 30 years? % Round to two decimal places Eric wants to double her money in 9 years in an investment fund. What quarterly compounding interest rate do you suggest that she looks for? % Round to two decimal places Robert wants to double her money in 17 years in an investment fund. What nominal quarterly compounding interest rate do you suggest that she look for? (Hint: If money doubles, the ratio of FV to PV is 2.) % Round to two decimal places Adrian invested $205,000 to purchase a home. After 11 years, she sold the home for $260,000. Calculate the effective interest rate earned on this investment. % Round to two decimal places
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