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Please show all work on how you got you answer. Compute the number of compounding periods and the rate per period (to the nearest hundredth)
Please show all work on how you got you answer.
Compute the number of compounding periods and the rate per period (to the nearest hundredth) for the following scenario.
Andy is investing $14,000 for 6 years because the bank told him that they would compound his interest quarterly using the nominal rate of 4.88%
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