Question: Question 2 2 . 1 . N $ 0 0 0 is invested for 7 years at 9 % nominal interest rate per year compounded

Question 2
2.1. N $ 000 is invested for 7 years at 9% nominal interest rate per year compounded every four months. What is the effective annual interest rate?
Question 2 2 . 1 . N $ 0 0 0 is invested for 7

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