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You Agree to Make 24 Deposits of $500 at the Beginning

question 5

Multiple Choice

You agree to make 24 deposits of $500 at the beginning of each month into a bank account.At the end of the 24th month, you will have $13,000 in your account.If the bank compounds interest monthly, what nominal annual interest rate will you be earning?


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Assertive Communication

Expressing oneself in a direct and civil manner.

Communication Style

The characteristic way in which an individual communicates with others, including verbal, non-verbal, and written methods.

Creative Problem Solving

An approach to finding innovative solutions to complex problems through creative and critical thinking strategies.

Brainstorm

A group creativity technique aimed at generating a large number of ideas for the solution to a problem.

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