Business, 02.08.2019 12:00 anisagreen10

For problem 3, suppose that you only have $14,000 at your disposal in order to pay the required $20,000 in 12 months. you are still optimistic about finding an investment that offers a high enough interest rate to allow the payment. how high must the annual nominal interest rate be (compounded annually) so that you reach your goal?

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For problem 3, suppose that you only have $14,000 at your disposal in order to pay the required $20,...