Solved: Determine nominal rate of return to reach projected growth, Mathematics

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Determine nominal rate of return to reach projected growth

With end of month contributions of $251.33, an investment account is expected reach $100,000 in value after 15 years and 5 months.

Note: Type only your number in the following blanks. Do not include a % sign or any words. Round your answers to 2 decimal places.

(a) Determine the nominal rate of return to reach this projected growth.

(b) Determine the effective rate of return to reach this projected growth.

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Solution Preview :

Prepared by a verified Expert

Mathematics: Determine nominal rate of return to reach projected growth

Reference No:- TGS0689430

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Mathematics: Determine nominal rate of return to reach projected growth

Reference No:- TGS0689430

Recent Questions Asked Mathematics

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