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If an investment grew to $13,500 in 3 years and the interest amount earned was $1,531.34, calculate the nominal interest rate compounded monthly. 3.63 % X Round to two decimal places 4

If an investment grew to $13,500 in 3 years and the interest amount earned was $1,531.34, calculate the nominal interest rate compounded monthly. 3.63 % X Round to two decimal places 4

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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If an investment grew to $13,500 in 3 years and the interest amount earned was $1,531.34, calculate the nominal interest rate compounded monthly. 3.63 % Round to two decimal places k SAVE PROGRESS H a 3 ▶11 1/4 P + 1/2 + { = 3 A [[+
Transcribed Image Text:If an investment grew to $13,500 in 3 years and the interest amount earned was $1,531.34, calculate the nominal interest rate compounded monthly. 3.63 % Round to two decimal places k SAVE PROGRESS H a 3 ▶11 1/4 P + 1/2 + { = 3 A [[+
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