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Contemporary Business Mathematics with Canadian Applications Study Set 2
Quiz 10: Compound Interestfurther Topics
At What Nominal Rate of Interest Compounded Quarterly Will $8100
Question 23
Essay
At what nominal rate of interest compounded quarterly will $8100 earn $1700.00 interest in six years?
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Q 24
Calculate the nominal rate of interest compounded semi-annually that will double money in eight years.
Q 25
At what nominal rate of interest compounded monthly will $1700.00 earn $500.00 interest in three years?
Q 26
At what nominal rate of interest compounded quarterly will $2000.00 earn $400.00 interest in three years?
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