For the coming two years, you plan to make 24 deposits of¥ 30,000 into a savings account, all at the beginning of each month

Business Sep 02, 2020

For the coming two years, you plan to make 24 deposits of¥ 30,000 into a savings account, all at the beginning of each month. The bank is saying that you will have¥ 780,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?(¥ is the currency symbol for the Japanese Yen.)