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An amount of $1100.00 earns $400.00 interest in five years, two months. What is the effective annual rate if interest co
Posted: Mon Jul 11, 2022 12:07 pm
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 (55.27 KiB) Viewed 36 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.)