What is the nominal interest rate per year

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Reference no: EM131082097

If an investment of $20,000 is worth $22,076 at the end of one year with quarterly compounding:

1. What is the value of “ i “?

2. What is the nominal interest rate per year(APR)?

3. What is the effective interest rate per year (APY)?

Reference no: EM131082097

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