Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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An investment of $1831.00 earned interest semi-annually. If the balance after 5.5 years was $2304.74, what nominal annual rate compounded semi-annually was charged? Round final answer to four decimal places.
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