You invest $10,000 and earn $863 over 19 months. What nominal rate of annual interest (compounding monthly)

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You invest $10,000 and earn $863 over 19 months. What nominal rate of annual interest (compounding monthly) did you earn? (expressed as a percentage to two decimal places; don't use the % sign)

Posted Date: May 19, 2024 12:11 AM

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You invest $10,000 and earn $863 over 19 months. What nominal rate of annual interest (compounding monthly)

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