An investment of $4000 earned interest semi-annually. If the balance after 6 12 years was $6000, what

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An investment of $4000 earned interest semi-annually. If the balance after 6 1⁄2 years was $6000, what nominal annual rate compounded semi-annually was charged?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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