You deposit 1500 into a savings account that is compounded, Ask an Expert

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"You deposit $1500 into a savings account that is compounded daily. At the end of 4 years, you have $1664.39 in the account. Assuming you only have made that single deposit and you made no withdrawals, what is the nominal interest rate for this savings account? Assume 365 days per year. Enter your answer as a percentage between 0 and 100."

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Category:- Financial Management
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