Question
Canary Company invested $85,200 into a fund for 4 years. What nominal interest rate compounded quarterly did the investment earn if it matured to $132,100
Canary Company invested $85,200 into a fund for 4 years. What nominal interest rate compounded quarterly did the investment earn if it matured to $132,100 at the end of the period?
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Managerial Accounting
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
9th Edition
0538842822, 978-0538842822
