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Find the nominal interest rate for each of the following investments. Round the answers to...

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Question

Finance

Find the nominal interest rate for each of the following investments.

Round the answers to two decimal places

Principal Nominal Interest Rate Compounding Frequency Term Maturity Value
1. $12,100

%

 annually 5 years $17,575
2. $11,500

%

 semi-annually 12 years $18,000
3. $27,750

%

 quarterly 4 years and 9 months $37,200
4. $21,500

%

 monthly 5 years and 8 months $28,000

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