Kathryn deposits 1000 into an account at the beginning of each 2-year period for 20 years. The account credits interest
Posted: Sat Feb 26, 2022 9:11 am
Kathryn deposits 1000 into an account at the beginning of each
2-year period for 20 years. The account credits interest at an
annual effective interest rate of 4%. Find the accumulated value
in her account at 20 years. What is the effective 2-year
interest rate?
2-year period for 20 years. The account credits interest at an
annual effective interest rate of 4%. Find the accumulated value
in her account at 20 years. What is the effective 2-year
interest rate?