Juan invested an amount of $20,000.00 in a mutual fund. After 4 years and 6 months the

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Juan invested an amount of $20,000.00 in a mutual fund. After 4 years and 6 months the accumulated value of his investment was $22,128.40.

What is the nominal interest rate of the investment if interest is compounded semi-annually? % Round to two decimal places

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Oct 13, 2023 02:35 AM

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Juan invested an amount of $20,000.00 in a mutual fund. After 4 years and 6 months the

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To calculate the nominal interest rate compounded semiannually you can use ... View the full answer

Personal Finance Turning Money into Wealth

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