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Contemporary Business Mathematics with Canadian Applications Study Set 2
Quiz 10: Compound Interestfurther Topics
Calculate the Nominal Rate of Interest Compounded Semi-Annually That Will
Question 24
Essay
Calculate the nominal rate of interest compounded semi-annually that will double money in eight years.
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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?
Q 27
What is the nominal rate of interest at which money will triple itself in eight years and six months if compounded semi-annually?
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