Cynthia's investment of $81,200.00 in a fund matured to $160,353.29 in 7 years. If the interest in the fund is compounded quarterly, calculate the following rounded to two decimal places.

Calculus: Early Transcendentals
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ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
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Cynthia's investment of $81,200.00 in a fund matured to $160,353.29 in 7 years. If the
interest in the fund is compounded quarterly, calculate the following rounded to two
decimal places.
a. Periodic interest rate (i)
9.84 %
b. Nominal interest rate (j)
9.49 % (X)
K
SAVE PROGRESS
40
188
8
1/4
1/2
4
A
SUBM
ENG
US
insert
3/4
Transcribed Image Text:Cynthia's investment of $81,200.00 in a fund matured to $160,353.29 in 7 years. If the interest in the fund is compounded quarterly, calculate the following rounded to two decimal places. a. Periodic interest rate (i) 9.84 % b. Nominal interest rate (j) 9.49 % (X) K SAVE PROGRESS 40 188 8 1/4 1/2 4 A SUBM ENG US insert 3/4
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