3. The investment has a nominal rate of 27% compounded 12 times per year
Given that,
- The investment value should be [tex]A= 325 (1+.027\div 12)^12t[/tex].
Based on the above information, the information is as follows:
The above formula represent that the investment should have the nomibal rate of 27% that compounded 12 times per year.
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