Calculate Nominal Rate of Interest (To the Nearest 0.01%)

question 166

Short Answer

Calculate nominal rate of interest (to the nearest 0.01%):

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Definitions:

Poll Taxes

Poll Taxes are taxes levied as a fixed sum on every liable individual, historically used as a means of disenfranchising voters, particularly African Americans in the United States.

Enfranchised African Americans

African Americans who were granted the right to vote, especially referring to the period following the Civil War.

Political Power

The ability or capacity of a person or group to influence the actions, beliefs, or conduct of others within a political framework.

President Chester A. Arthur

The 21st President of the United States, serving from 1881 to 1885, known for his efforts in civil service reform and the Pendleton Civil Service Reform Act.