What is the nominal rate of interest convertible


David makes a sequence of 35 monthly deposits of $515 each into an account paying interest convertible monthly. Immediately after making the 35th deposit, the account balance is $19976.37 dollars. What is the nominal rate of interest convertible monthly? i^{(12)} = %.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the nominal rate of interest convertible
Reference No:- TGS02341936

Expected delivery within 24 Hours