Question
You want to buy a new car in four years which will cost you $63,000. If you have $49,000 in your bank account now, how
You want to buy a new car in four years which will cost you $63,000. If you have $49,000 in your bank account now, how much is the nominal interest rate (compounded annually) p.a. to reach your goal?
Hint: if your answer is 10.14%, please input it as 10.14, rather than 0.1014, 10.14%, or 10.14 percent.
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