What should be annual interest rate of an account that is compounded quarterly which returns $1200 interest
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What should be annual interest rate of an account that is compounded quarterly which returns $1200 interest amount when $6000 is invested in it for three years?
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Old
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