Question: In Problem use graphical approximation techniques or an equation solver to approximate the desired interest rate. Express each answer as a percentage, correct to two
In Problem use graphical approximation techniques or an equation solver to approximate the desired interest rate. Express each answer as a percentage, correct to two decimal places.
An employee opens a credit union account and deposits $120 at the end of each month. After one year, the account contains $1,444.96. What annual nominal rate compounded monthly has the account earned?
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Answers The annual nominal rate compounded monthly that the account has earned is 494 Expla... View full answer
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