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

question 81

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?

• A)7.62%
• B)8.00%
• C)8.40%
• D)8.82%

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Legal rights to possess, use, and dispose of assets including real, personal, and intellectual property.

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Nations with lower levels of industrialization, lower standards of living, and generally lower Human Development Index (HDI) scores compared to developed countries.

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