Multiple Choice
What nominal rate of interest-compounded quarterly will have to be earned on a savings account for it to grow from $1525 to $1955 over a period of 21 months?
A) 14.45%
B) 15.45%
C) 12.45%
D) 3.61%
E) 10.45%
Correct Answer:
Verified
Correct Answer:
Verified
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