At what nominal annual rate of interest will money double itself in six years, three months if compounded quarterly? The nominal annual rate of interest for money to double itself in six years, three months is (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) % per annum compounded quarterly.

At what nominal annual rate of interest will money double itself in six years, three months if compounded quarterly? The nominal annual rate of interest for money to double itself in six years, three months is (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) % per annum compounded quarterly.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 31P

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