At what nominal rate of interest compounded semi- annually will $11,800 earn $6 800 interest in six years

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 25E
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At what nominal rate of interest compounded semi-
annually will $11,800 earn $6 800 interest in six years
Transcribed Image Text:At what nominal rate of interest compounded semi- annually will $11,800 earn $6 800 interest in six years
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