Wendy would like to save $11,000 over the next 8 years In order to accomplish this goal, she is depositing $97 at the beginning of every month into an account with an interest rate that compounds semi annually 1 What nominal rate of interest did Wendy earn 2 What is the effective rate of interest ...

FV 11000 Nper 8 12 96 PMT 97 PV 0 Nominal rate of interest ...

Wendy would like to save $11,000 over the next 8 years. In order to accomplish this...

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Wendy would like to save $11,000 over the next 8 years. In order to accomplish this...

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Advanced Accounting

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