Question
Deposits of $6000 are made every 6 months into a fund starting today and continuing until 10 deposits have been made. Six months after the
Deposits of $6000 are made every 6 months into a fund starting today and continuing until 10 deposits have been made. Six months after the last deposit, there is $70 630 in the fund. What nominal rate of interest, j2, do the deposits earn?
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