What quarterly compounded nominal interest rate is earned on payments of $215 paid at the beginning of

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What quarterly compounded nominal interest rate is earned on payments of $215 paid at the beginning of every month for 9 years out of an investment of $18 000?

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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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Question Posted: Feb 26, 2016 04:07 AM

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What quarterly compounded nominal interest rate is earned on payments of $215 paid at the beginning of

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PV due 18 00000 PMT 21500 n ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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