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Home Q & A Board Science-Related Homework Help Mathematics
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bigben0007 bigben0007
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A year ago
Sandy is planning to accumulate $500,000 after 30 years by making investments of $300 at the end of each month for 20 years and leaving the money to grow at 7% compounded semiannually for 10 more years. What monthly compounded nominal rate will Sandy have to be earning over the 20 years that she makes the monthly deposits?

▸ 8.96%

▸ 10.75%

▸ 11.30%

▸ 12.83%

▸ 7.12%
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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yankeesaremyjamyankeesaremyjam
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A year ago
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bigben0007 Author
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A year ago
Helped a lot
Zacellison
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Yesterday
Smart ... Thanks!
choih94
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2 hours ago
Thank you, thank you, thank you!
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