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gewusel gewusel
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7 years ago
Compute the nominal annual rate of interest (compounded monthly) at which $200.00 deposited at the end of each month for ten years will amount to $30 000.00.
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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7 years ago
FV = 30 000.00; PMT = 200.00; n = 10(12) = 120; P/Y = C/Y = 12

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