9. LO 2 3 Find the nominal annual rate of interest a. at which $2500...
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9. LO 2 3 Find the nominal annual rate of interest a. at which $2500 will grow to $4000 in eight years compounded quarterly; b. at which money will double in five years if compounded semi-annually; c. if the effective annual rate of interest is 9.2% and compounding is done monthly; d. that is equivalent to 8% compounded quarterly
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