Question
Jane paid $1000 into her new account a year ago. Then she added to this $300 three months later and then she withdrew $200 three
Jane paid $1000 into her new account a year ago. Then she added to this $300 three months later and then she withdrew $200 three months ago. How much money is in her account now? The interest is compounded monthly and the prorated interest rate is .5%. What is the nominal interest rate?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
10th Edition
0073530697, 9780073530697
