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COLIY LIBOS WL LIIVSULLULLIMI Suppose that the nominal interest rate is 9 percent compounded monthly. We want to compare $150,000 received today to $250,000 received

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COLIY LIBOS WL LIIVSULLULLIMI Suppose that the nominal interest rate is 9 percent compounded monthly. We want to compare $150,000 received today to $250,000 received in 5 years. {a) (3 pts. What is the future value of the amount received today (S)? Round you answer to the nearest dollar. tion (b) (2 pts. What is the nominal interest rate (percent) at which the amount received today would increase to the amount being offered in the future? (be accurate to at least two decimal places) Express your answer as a percent and round to two decimal places

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