If compounded monthly, find the nominal interest rate that will make a $43,000 single payment...
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If compounded monthly, find the nominal interest rate that will make a $43,000 single payment at the end of 4 years equivalent to a $2,000 quarterly payment over 4 years.A. 16.08% B. 16.40% C. 15% D. 15.5% Show steps
A. 16.08%
B. 16.40%
C. 15%
D. 15.5%
Show steps
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