Question
You invested $9,000 at the end of each quarter for 8 years in an investment fund. If the balance in the fund at the end
You invested $9,000 at the end of each quarter for 8 years in an investment fund. If the balance in the fund at the end of 8 years was $304,000, what was the nominal interest rate compounded quarterly?
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
