Question
You invested $5,000 in a savings deposit 7 quarters ago and it has grown to $5990 today. What nominal rate of annual interest (compounding quarterly)
You invested $5,000 in a savings deposit 7 quarters ago and it has grown to $5990 today. What nominal rate of annual interest (compounding quarterly) did you earn? (expressed as a percentage to two decimal places; dont use the % sign).
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Public Finance And Public Policy
Authors: Jonathan Gruber
6th Edition
1319105254, 9781319105259
