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Compute the interest rate at which $500 per month payments should grow to accumulate savings of $50,000 in 3 years. Payments are made at the
Compute the interest rate at which $500 per month payments should grow to accumulate savings of $50,000 in 3 years. Payments are made at the end of each month. (Note: Round your answer to two decimal places.) DISC NOMINAL EFFECT RATE annually and (b) quarterly. (Note: Round your answers to two decimal places.) EFFECT NOMINAL DISC RATE
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