Determine the term of the compound interest loan
Determine the term of the compound interest loan. (Round your answer to two decimal places.) 5.9% compounded quarterly to obtain $8800 from a principal of $2000.
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What would you expect the nominal rate of interest to be be if the real rate is 3.5 and the expected inflation rate is 7.4?
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You've just received $145,000 from the estate of long-lost rich uncle. If you invest all your inheritance in tax-free bond fund earning 6.9% compounded quarterly, how long do you have to wait to become a millionaire? (Round your answer to two deci
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