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Nominal rate of interest compounded

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Jody deposits $2,811.72 at the beginning of each six months for two years in order to accumulate $11,675. Jody would like to know what Not yet nominal rate of interest compounded semi-annually she must earn to accumulate $11,675. Answer the following question: answered Marked out of How many payments are there in the term? Do not enter text or characters such as dollar sign or comma.

Reference no: EM132866036

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