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Interest on certain deposits is compounded monthly. Find the nominal rate of interest (per

Interest on certain deposits is compounded monthly. Find the nominal rate of interest (per

Interest on certain deposits is compounded monthly. Find the nominal rate of interest (per annum) for these deposits if the APR is 15%. Obtain the accumulation of an investment of $1,000 over a period of 6 months. How much interest has accrued by that time?

 

Abhinav 04-Dec-2019

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