If $5,000 invested in a bank account for 6 years, compounded quarterly, amounts to $6,140.80, what is the annual interes
Posted: Wed Jul 06, 2022 11:50 am
If $5,000 invested in a bank account for 6 years, compounded quarterly, amounts to $6,140.80, what is the annual interest rate paid by the account? Round your answer to four decimal places, after writing the rate as a percentage. The annual interest rate paid by the account is 4.1640 X %.