# Compute the nominal interest rate compounded quarterly at which payments of $ 2 5 0 made at

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## Question:

Compute the nominal interest rate compounded quarterly at which payments of $$250$ made at the end of each quarter for three years accumulate to $$3500.$ Please just type the numerical value in decimal format and do not enter the percentage $\%.$

**Related Book For**

## Vector Mechanics for Engineers Statics and Dynamics

ISBN: 978-0073398242

11th edition

Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self