You invest $4,000 and earn $972 over 24 months What nominal rate of annual interest (compounding monthly) did you earn (expressed as a percentage to two decimal places don't use the sign) Answer You invest $4,000 and earn $972 over 24 months What nominal rate of annual interest (compounding monthl...

To calculate the nominal annual interest rate earned on an investment of 4000 th ...

You invest $4,000 and earn $972 over 24 months. What nominal rate of annual interest (compounding...

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Fundamentals of Financial Accounting

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Authors: Fred Phillips, Robert Libby, Patricia Libby

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You invest $4,000 and earn $972 over 24 months. What nominal rate of annual interest (compounding...

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Fundamentals of Financial Accounting

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