Given F-750, P-500, n-4 years, find the annual interest rate if rate is compounded monthly. Answer 10.179% O 10.897% O 1

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

Given F-750, P-500, n-4 years, find the annual interest rate if rate is compounded monthly. Answer 10.179% O 10.897% O 1

Post by answerhappygod »

Given F 750 P 500 N 4 Years Find The Annual Interest Rate If Rate Is Compounded Monthly Answer 10 179 O 10 897 O 1 1
Given F 750 P 500 N 4 Years Find The Annual Interest Rate If Rate Is Compounded Monthly Answer 10 179 O 10 897 O 1 1 (113.7 KiB) Viewed 16 times
Given F-750, P-500, n-4 years, find the annual interest rate if rate is compounded monthly. Answer 10.179% O 10.897% O 10.898% O 10.786% F=P(1 + i)^ 1.5 = (1+i)" ۱۳ √₁5 = ""JUTTY = 1.10668 = 171 i +1 = 1.10668 Help? i=1-10668-1 i = 0.10668 192 X/007. i= 10.668 1= 10.67 Not Answer
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply