sharonnnnnnnb4038 sharonnnnnnnb4038

19-03-2024
Business

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If you invest $750 at the end of each year and expect to have $5,243.36 in 6 years, what is the quoted (nominal) interest rate on your account if it has semi-annual compounding? Explain.

A) 4.34%
B) 6%
C) 5%
D) 7%

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