Essay
A principal of $5000.00 compounded monthly amounts to $6000.00 in 7 years. What is the nominal annual rate of interest?
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PV = 5000.00; FV = 6000.00; n ...View Answer
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Correct Answer:
Verified
PV = 5000.00; FV = 6000.00; n ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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