Question
Manvir invested an amount of $20,000.00 in a mutual fund. After 2 years and 6 months the accumulated value of his investment was $21, .
Manvir invested an amount of $20,000.00 in a mutual fund. After 2 years and 6 months the accumulated value of his investment was \$21, . What is the nominal interest rate of the investment if interest is compounded semi-annually? Round to two decimal places
Question 14 of 20 Manvir invested an amount of $20,000.00 in a mutual fund. After 2 years and 6 months the accumulated value of his investment was $21,908.97. What is the nominal interest rate of the investment if interest is compounded semi-annually? % Round to two decimal places
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
