What Is The Nominal Annual Rate Of Interest Compounded Monthly At Which 1160 00 Will Accumulate To 1903 01 In Five Yea 1 (33.41 KiB) Viewed 26 times
What is the nominal annual rate of interest compounded monthly at which $1160.00 will accumulate to $1903.01 in five years and eight months? The nominal annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
How long will it take $1385.00 to accumulate to $1541.00 at 5% p.a. compounded quarterly? State your answer in years and months (from 0 to 11 months). The investment will take year(s) and month(s) to mature.
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