Sue Li deposited $200 00 into a savings account that compounded interest monthly. What nominal annual rate compounded mo

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Sue Li deposited $200 00 into a savings account that compounded interest monthly. What nominal annual rate compounded mo

Post by answerhappygod »

Sue Li Deposited 200 00 Into A Savings Account That Compounded Interest Monthly What Nominal Annual Rate Compounded Mo 1
Sue Li Deposited 200 00 Into A Savings Account That Compounded Interest Monthly What Nominal Annual Rate Compounded Mo 1 (9.58 KiB) Viewed 98 times
Sue Li deposited $200 00 into a savings account that compounded interest monthly. What nominal annual rate compounded monthly was earned on the investment if the balance was $575.30 in five years? The nominal annual rate of interest is% per annum compounded monthly (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply