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Nominal Interest Rates Solve for the number of compounds involved in the following transaction based on the information provided. (Round your answer to the nearest
Nominal Interest Rates
Solve for the number of compounds involved in the following transaction based on the information provided.(Round your answer to the nearest whole number.)
| Present Value | Future Value | Nominal Interest Rate | Number of Compounds |
|---|---|---|---|
| $27,514.58 | $120,000.00 | 9.94% compounded quarterly |
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
14th Edition
0324374178, 978-0324374179
