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was the nominal interest rate compounded annually? You have the opportunity to make an investment of $100,000 today and receive $1250 at the end of
was the nominal interest rate compounded annually? You have the opportunity to make an investment of $100,000 today and receive $1250 at the end of every month for the next ten years. Calculate the nominal interest rate compounded monthly on this investment
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
