An initial $3200 investment was worth $3730 after one years and six months. What quarterly compounded nominal rate of return did the investment earn?

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An initial $3200 investment was worth $3730 after one years and six months. What quarterly compounded nominal rate of return did the investment earn?

Related Book For  answer-question

Fundamentals Of Business Mathematics In Canada

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

ISBN: 9781259370151