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Posted on Jul 20, 2024

Suppose you invest $3,500 today in an account that earns a nominal annual rate (i nom ) of 16 percent, with interest compounded quarterly .

Suppose you invest $3,500 today in an account that earns a nominal annual rate (i_nom) of 16 percent, with interest compounded quarterly. How much money will you have after 8 years? If i can get help on this problem can it please be without using a computer model? I have to be able to work them out by hand

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