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Home Q & A Board Science-Related Homework Help Mathematics
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duo21 duo21
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3 months ago
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
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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lampardlampard
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12.06% compounded monthly
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duo21 Author
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3 months ago
Thanks
cipcal
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Yesterday
You make an excellent tutor!
zbmallo3
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2 hours ago
This helped my grade so much Perfect
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