Question
You invest $ 4,421 in an account today. You make no additional deposits into the account. One year from today there is $ 5,282 in
You invest $ 4,421 in an account today. You make no additional deposits into the account. One year from today there is $ 5,282 in the account. What is the nominal interest rate that you earned on your money?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
