Question: Download B U 2nd 6% Assignment on Compound Interest 3) An investment of $60,000 (PV) earned $10,000 in interest (1) over a two-and-a-half-year period (Hint:

Download B U "2nd" 6% Assignment on Compound
Download B U "2nd" 6% Assignment on Compound Interest 3) An investment of $60,000 (PV) earned $10,000 in interest (1) over a two-and-a-half-year period (Hint: FV = PV + I). What was the nominal interest rate compounded monthly associated with the investment? (10.2 - Find "i") $ % A & backs 4 c 5 0 7

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