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You invest $4,000 and earn $972 over 24 months. What nominal rate of annual interest (compounding monthly) did you earn? (expressed as a percentage
You invest $4,000 and earn $972 over 24 months. What nominal rate of annual interest (compounding monthly) did you earn? (expressed as a percentage to two decimal places; don't use the % sign) Answer:
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
