A bank offers 4.00% on savings accounts. What is the effective annual rate if interest is compounded monthly? 4.00% 4.02
Posted: Thu May 19, 2022 6:39 am
A bank offers 4.00% on savings accounts. What is the effective
annual rate if interest is compounded monthly?
4.00%
4.02%
4.03%
4.06%
4.07%
annual rate if interest is compounded monthly?
4.00%
4.02%
4.03%
4.06%
4.07%