Essay
Note: The calculations for this question were done using Excel's RATE function.
What nominal annual rate of interest compounded semi-annually is earned by quarterly deposits of $7327.00 made for six years if the balance just after the last deposit is $289 000.00?
Correct Answer:
Verified
Nper 24
Pmt -7327.00
FV 289000...View Answer
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Correct Answer:
Verified
Pmt -7327.00
FV 289000...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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