Question
Travis invested an amount of $14,000 in a mutual fund. After 3 years and 3 months the accumulated value of his investment was $15,137.08. What
Travis invested an amount of $14,000 in a mutual fund. After 3 years and 3 months the accumulated value of his investment was $15,137.08. What is the quarterly compounded nominal interest rate of the investment?
%
Round to two decimal places
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
