Question
You deposit $1,000 for 21 months at Quarterly compounding and its future amount is $1,188.69. What (nominal, named, stated, quoted) rate did you receive? round
You deposit $1,000 for 21 months at Quarterly compounding and its future amount is $1,188.69. What (nominal, named, stated, quoted) rate did you receive? round to 5 decimal places, leave in decimal format.
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
