Question: Page 1: 1 Previous Page Question 1 (2 points) Listen Next Page Page 1 of 8 Page 2: 2 age 3: An investment of

Page 1: 1 Previous Page Question 1 (2 points) Listen Next Page

Page 1: 1 Previous Page Question 1 (2 points) Listen Next Page Page 1 of 8 Page 2: 2 age 3: An investment of $1,206 grows to $1,355 in 23 months. What was the nominal monthly compounded rate of interest used? Refer to the "?"s in the table and considering inflows and outflows of cash, enter the appropriate values in the blanks below. Express your answer for IY as a percentage, rounded to two decimal places. The "%" sign is not required. e 4: N = I/Y CY PV PMT PY FV ? ? 12 ? 0 12 ? A A IY = A PV = A FV = Page 1 of 8 Next Page Previous Page

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