Question
What is the nominal annual rate of interest compounded monthly at which $1860.00 will accumulate to $2663.01 in two years and seven months? Part 1
What is the nominal annual rate of interest compounded monthly at which $1860.00 will accumulate to $2663.01 in two years and seven months?
Part 1
The nominal annual rate of interest is ______%.
(Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
