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Science-Related Homework Help Mathematics Topic started by: duo21 on Jun 4, 2023



Title: An initial $3,000 investment was worth $5200 after four years and seven months. What monthly ...
Post by: duo21 on Jun 4, 2023
An initial $3,000 investment was worth $5200 after four years and seven months. What monthly compounded nominal rate of return did the investment earn?

▸ 11.06% compounded monthly

▸ 10.06% compounded monthly

▸ 12.06% compounded monthly

▸ 13.06% compounded monthly

▸ 14.06% compounded monthly


Title: Re: An initial $3,000 investment was worth $5200 after four years and seven months. What monthly ...
Post by: lampard on Jun 4, 2023
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