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Suppose $800 is invested for 5 years at a nominal yearly interest rate that is compounded semi-annually, further suppose it accumulates to 1573.72 after 5
Suppose $800 is invested for 5 years at a nominal yearly interest rate that is compounded semi-annually, further suppose it accumulates to 1573.72 after 5 years. Find the annual nominal interest rate of the investment. Annual nominal interest rate = % Step by Step Solution
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
