What is the nominal interest rate you earn if you have 8000, Financial Management

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What is the nominal interest rate you earn if you have 8000

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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: What is the nominal interest rate you earn if you have 8000

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