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Elon Musk wants to save $34,000,000.00. He makes deposits of $1,321,352.28 every six months into an investment account (at the end of each period) and
Elon Musk wants to save $34,000,000.00. He makes deposits of $1,321,352.28 every six months into an investment account (at the end of each period) and it takes him 24 periods to reach his target. What nominal interest rate i2) does his investment account pay? (Answer to the nearest 0.1%) O a. i = 1.1% Ob i = 1.9% Oc. i = 1.6% Od i = 1.7% e. i = 1.2%
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