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What is the monthly convertible nominal annual rate that is equivalent to an annual rate of 5% convertible semi-annually? If I can save $100 per
What is the monthly convertible nominal annual rate that is equivalent to an annual rate of 5% convertible semi-annually? If I can save $100 per month and the bank pays an annual rate of 7%, how many months will it take to have a sum of 57,000
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