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    Exam 10: Compound Interest - Further Topics
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    At What Nominal Rate of Interest Compounded Quarterly Will $8100
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At What Nominal Rate of Interest Compounded Quarterly Will $8100

Question 19

Question 19

Essay

At what nominal rate of interest compounded quarterly will $8100 earn $1700.00 interest in six years?

Correct Answer:

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PV = 8100, FV = 8100 + 1700 = ...

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