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What is the nominal annual rate of interest

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Reference no: EM133057496

If a principal of $7550.00 compounded monthly, amounts to $8803.65 in 7.5 years, what is the nominal annual rate of interest?

Reference no: EM133057496

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What is the nominal annual rate of interest : If a principal of $7550.00 compounded monthly, amounts to $8803.65 in 7.5 years, what is the nominal annual rate of interest?
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