At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to $18,276.04 in 2 years?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to $18,276.04 in 2 years?

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