Question
Marcus invested an amount of $28,000 in a mutual fund. After 3 years and 6 months the accumulated value of her investment was $30,082.26. What
Marcus invested an amount of $28,000 in a mutual fund. After 3 years and 6 months the accumulated value of her investment was $30,082.26. What is the semi-annually compounded nominal interest rate of the investment?
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The New International Financial System Analyzing The Cumulative Impact Of Regulatory Reform
Authors: Douglas Evanoff , Douglas D Evanoff , Andrew G Haldane , George G Kaufman
1st Edition
9814678325,9814678341
