Show calculator inputs with final answeryou deposit equal, Ask an Expert

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Show calculator inputs with final answer

You deposit equal payments of $1000 in the bank for the next 6 years. Assume the payments are made at the beginning of each year. What is the nominal interest rate you earn if you have $8,000 at the end of six years with annual compounding? Does your equal payment period match the compounding period?

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Financial Management, Finance

Category:- Financial Management
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