Exercise 8-8Analyzing receivables and allowance for doubtful accounts LO1,2,3 Accounts Receivable Allowance for Doubtful Accounts Dec. 31/16 2.900 Dec. 31/16 Balance 78.000 Balance 420.000 448.000 210 3.250 3.250 2.600 210 210 2.460 Dec. 31/17 Dec. 31/17 Balance 46.750 Balance An initial $1,800 investment was worth $2120.31 after two years and nine months. What quarterly compounded nominal rate of return did the investment earn? Oo O Os d 99 896 110 5.25% Exercise 8-8Analyzing receivables and allowance for doubtful accounts LO1,2,3 Accounts Receivable Allowance for Doubtful Accounts Dec. 31/16 2.900 Dec. 31/16 Balance 78.000 Balance 420.000 448.000 210 3.250 3.250 2.600 210 210 2.460 Dec. 31/17 Dec. 31/17 Balance 46.750 Balance An initial $1,800 investment was worth $2120.31 after two years and nine months. What quarterly compounded nominal rate of return did the investment earn? Oo O Os d 99 896 110 5.25%