Malcolm wants to purchase an annuity that will pay him $7,000 at the end of...
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Accounting
Malcolm wants to purchase an annuity that will pay him $ at the end of every three months for years. His financial advisor has told Malcolm that this annuity will cost him $ What monthly compounded nominal interest rate was used in this calculation? 
Malcolm wants to purchase an annuity that will pay him $ at the end of every three months for years. His financial advisor has told Malcolm that this annuity will cost him $ What monthly compounded nominal interest rate was used in this calculation?
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