Question
What is the nominal annual rate of interest compounded quarterly if deposits of $140 made each month for 4.5 years accumulate to $8500? The nominal
What is the nominal annual rate of interest compounded quarterly if deposits of $140 made each month for 4.5 years accumulate to $8500?
The nominal annual rate of interest is _____% compounded quarterly.(Round to two decimal places as needed.)
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
