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You agree to make 36 deposits of $800 at the beginning of each month into...

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Accounting

You agree to make 36 deposits of $800 at the beginning of each month into a bank account. At the end of the 36th month, you will have $33,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?

A)9.62%

B)9.00%

C)9.16%

D)8.68%

E)9.03%

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