What is the nominal annual rate of interest compounded quarterly if deposits of $253 made each month

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What is the nominal annual rate of interest compounded quarterly if deposits of $253 made each month for 3 1⁄2 years accumulate to $11 600?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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