Ashley heard that he could triple his money in 12 years if he invested it in a large telecommunications business. What nominal interest rate compounded monthly does the business offer? 16.67 % X Round to two decimal places
Ashley heard that he could triple his money in 12 years if he invested it in a large telecommunications business. What nominal interest rate compounded monthly does the business offer? 16.67 % X Round to two decimal places
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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![Ashley heard that he could triple his money in 12 years if he invested it in a large
telecommunications business. What nominal interest rate compounded monthly does
the business offer?
16.67 %
Round to two decimal places
SAVE PROGRESS
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LO
U
▶11
O
1/4
P
1/2
+
{
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=
11
SUBMIT A
ENG
US
insert
3/4
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Transcribed Image Text:Ashley heard that he could triple his money in 12 years if he invested it in a large
telecommunications business. What nominal interest rate compounded monthly does
the business offer?
16.67 %
Round to two decimal places
SAVE PROGRESS
a
LO
U
▶11
O
1/4
P
1/2
+
{
+
=
11
SUBMIT A
ENG
US
insert
3/4
^
[ [A]
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