Question
Find the nominal annual rate of interest for the following investment. Principal Future Value Time Due Frequency of Conversion $604.00 $2316.25 3 years quarterly The
Find the nominal annual rate of interest for the following investment.
| Principal | Future Value | Time Due | Frequency of Conversion |
| $604.00 | $2316.25 | 3 years | quarterly |
The nominal annual rate of interest is ___% compounded quarterly.
(Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
PLEASE ROUND FINAL ANSWER CORRECTLY. 4 DECIMAL PLACES
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Emerging Markets And The Global Economy A Handbook
Authors: Mohammed El Hedi Arouri, Sabri Boubaker, Duc Khuong Nguyen
1st Edition
