An amount of $1100.00 earns $400.00 interest in five years, two months. What is the effective annual rate if interest co

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

An amount of $1100.00 earns $400.00 interest in five years, two months. What is the effective annual rate if interest co

Post by answerhappygod »

An Amount Of 1100 00 Earns 400 00 Interest In Five Years Two Months What Is The Effective Annual Rate If Interest Co 1
An Amount Of 1100 00 Earns 400 00 Interest In Five Years Two Months What Is The Effective Annual Rate If Interest Co 1 (55.27 KiB) Viewed 34 times
An amount of $1100.00 earns $400.00 interest in five years, two months. What is the effective annual rate if interest compounds semi-annually? The effective annual rate of interest as a percent is %. (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!
Top
Post Reply

Return to “Archived Questions & Answers”