An amount of $13,500.00 is deposited into an account today, it is expected to mcrease to a

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An amount of $13,500.00 is deposited into an account today, it is expected to mcrease to a maturity value of $15,349.34 in 6.5 years from now. What is the nominal interest rate compounded quarterly? Round the answer to two decimal places.

Related Book For answer-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Apr 19, 2024 03:04 AM

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An amount of $13,500.00 is deposited into an account today, it is expected to mcrease to a

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Macroeconomics

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