1.You invest $9,000 today and want to accumulate $1034 in interest over the next 21...
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Finance
1.You invest $9,000 today and want to accumulate $1034 in interest over the next 21 months. What nominal rate of annual interest (compounding monthly) do you need to earn? (expressed as a percentage to two decimal places; dont use the % sign)
2.If the rate of interest is increased the present value:
Select one:
a.
Decreases
b.
Stays the same
c.
Increases
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