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This Question: 27 pts 9 of 10 (0 complete) What is the nominal annual rate of interest compounded quarterly if deposits of $130 made each
This Question: 27 pts 9 of 10 (0 complete) What is the nominal annual rate of interest compounded quarterly if deposits of $130 made each month for 6.0 years accumulate to $12,100? The nominal annual rate of interest is % compounded quarterly. (Round to two decimal places as needed.) Enter your answer in the answer box. A demand loan of $8000 is repaid by payments of $3000 after fifteen months, $4000 after thirty months, and a final payment after four years. If interest was 8% for the first two years and 9% for the remaining time, and compounding is quarterly what is the size of the final payment? The size of the final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
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