Nominal interest rate, Fieldstone Credit Union is offering

Nominal interest rate

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Reference no: EM131192527

Fieldstone Credit Union is offering a nominal interest rate of 2.37%, compounded monthly, on its savings accounts. If you make a single deposit of $14,571 today, how much will you have in the account in 8 years? Follow the conventions used in this course for precision of intermediate values. Round-off your answer to two decimal places.

Reference no: EM131192527

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