Note: The calculations for this question were done using Excel's RATE function.At what nominal rate ...

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Note: The calculations for this question were done using Excel's RATE function.At what nominal rate ...

Note: The calculations for this question were done using Excel's RATE function.
At what nominal rate of interest compounded semi-annually will $2200.00 deposited at the beginning of every six months accumulate to $68 000.00 in 11 years?

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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