You received a check from the bank for 18000 you know 7000, Business Economics

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You received a check from the bank for 18000 you know 7000

You received a check from the bank for $18000. You know $7000 was deposited when you turned 1. Using your current age (please state it), what was the effective annual interest rate? What is the nominal rate if it was actually compounded semi-annually?

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Business Economics: You received a check from the bank for 18000 you know 7000

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