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    Exam 9: Compound Interest: Further Topics and Applications
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    At What Monthly Compounded Nominal Rate of Interest Will Money
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At What Monthly Compounded Nominal Rate of Interest Will Money

Question 289

Question 289

Multiple Choice

At what monthly compounded nominal rate of interest will money triple in eight years?


A) 13.81%
B) 9.59%
C) 14.72%
D) 1.23%
E) 115.10%

Correct Answer:

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