Question
Find the nominal annual rate of interest a) at which $1500 will grow to $1800 in four years compounded monthly b)at which money will double
Find the nominal annual rate of interest
a) at which $1500 will grow to $1800 in four years compounded monthly
b)at which money will double in 7 years if compounded quarterly
c) if the effective annual rate of interest is 7.75% and compounding is done monthly
d) that is equivalent to 6% compounded quarterly
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
ISBN: 321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
