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Compute the nominal annual rate of interest (compounded monthly) at which $175.00 deposited at the end of each month for eight years will amount to
Compute the nominal annual rate of interest (compounded monthly) at which $175.00 deposited at the end of each month for eight years will amount to $30 000.00. Calculate to two decimals. Enter as follows: 12.34% = 12.34
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