Calculate the nominal interest rate of Keith's loan of$14,500.00 if it accumulated to $15,865.50 in 4.5 years

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Calculate the nominal interest rate of Keith's loan of$14,500.00 if it accumulated to $15,865.50 in 4.5 years andinterest is compounded semi-annually.Nominal interest rate: 2 answers

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Jan 30, 2024 03:27 AM

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Calculate the nominal interest rate of Keith's loan of$14,500.00 if it accumulated to $15,865.50 in 4.5 years

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Macroeconomics

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