Question 6 of 13 Canary Company invested $86,600 into a fund for 6 years. What...

60.1K

Verified Solution

Question

Finance

image
Question 6 of 13 Canary Company invested $86,600 into a fund for 6 years. What nominal interest rate compounded quarterly did the investment earn if it matured to $132,800 at the end of the period? 1 % Round to two decimal places Next

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students