Quoted annual interest rate

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Assume you deposit $600 in an account, and that in 6 years you have $900. Assuming daily compounding frequency what is the quoted annual interest rate associated with the account?

Reference no: EM131077566

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Quoted annual interest rate : Assume you deposit $600 in an account, and that in 6 years you have $900. Assuming daily compounding frequency what is the quoted annual interest rate associated with the account?
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