Molly establishes a line of credit with a deposit of 1000 dollars. Two months later, she withdraws 1016 dollars. Three months after that, she deposits 2313 dollars. Two months after that, she...


Molly establishes a line of credit with a deposit of 1000 dollars. Two months later, she withdraws 1016 dollars. Three months after that, she deposits 2313 dollars. Two months after that, she withdraws 2350.01 dollars. Three months after that, she deposits 1337.48 dollars. A year after establishing the line of credit, she makes a withdrawal of 1358.88 dollars that closes the account. What are the possible nominal rates of interest convertible monthly? (If you find more than one, list them separated by commas.)



Jun 04, 2022
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