Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:What is the nominal annual rate of interest compounded semi-annually if deposits of $254 made each month for 4.0 years accumulate to $13,000?
The nominal annual rate of interest is % compounded semi-annually.
(Round to two decimal places as needed.)
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