A principal of $2000 compounded monthly amounts to $2800 in 7.25 years. What is the nominal annual

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A principal of $2000 compounded monthly amounts to $2800 in 7.25 years. What is the nominal annual rate of interest?
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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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