Question
Find the nominal annual rate of interest for the following investment. Principal Future Value Time Due Frequency of Conversion $2800.00 $3700.00 4 years quarterly The
Find the nominal annual rate of interest for the following investment.
| Principal | Future Value | Time Due | Frequency of Conversion |
| $2800.00 | $3700.00 | 4 years | quarterly |
The nominal annual rate of interest is_____% per annum compounded quarterly.
(Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
