Question
Tom Kendrick invests $1,000 at a nominal rate of i^(1), and he withdraws the interest at the end of each year. At the end of
Tom Kendrick invests $1,000 at a nominal rate of i^(1), and he withdraws the interest at the end of each year. At the end of the fourth year he has earned $300 in total interest. What nominal interest rate does he earn?
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Audit Proofing Your Return
Authors: Jr. Wade, Jack Warren
1st Edition
002622240X, 978-0026222402
