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If an investment grew to $11,500 in 3 years and the interest amount earned was $1,304.48, calculate the nominal interest rate compounded monthly. % Round
If an investment grew to $11,500 in 3 years and the interest amount earned was $1,304.48, calculate the nominal interest rate compounded monthly. % Round to two decimal places Step by Step Solution
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
