What Nominal Rate of Interest Is Earned by Monthly Deposits

question 91

Essay

What nominal rate of interest is earned by monthly deposits of $560.00 made for 6 years if the balance just after the last deposit is $52 700.00?

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Self-Service

A business model or technology that allows customers to perform services for themselves without the need for direct assistance from staff.

Fast Fashion

The rapid translation of high-fashion design trends by lower-cost manufacturer-retailers.

Online Retailing

B2C electronic commerce in which individual consumers directly buy goods or services over the Internet; also known as e-retailing.

E-Retailing

The selling of goods and services through online platforms, also known as electronic retailing, encompassing a wide range of online business models.