Score: $4/103/8$ answered

Question $4$

At what nominal rate of interest compounded quarterly will money grow from $$22,000\mathrm{.}00$ to $$25,901\mathrm{.}11$ in $6$ years? Round the value of $\frac{\text{I}}{Y}$ to two decimal places.

$\frac{P}{Y}=$

$\frac{C}{Y}=$

$N=$

$\frac{\text{I}}{Y}=$

$PV=$$

$PMT=$$

$FV=$$

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