8 01 9 What is the effective annual rate of interest if $1000.00 grows to $1400.00 in five years compounded monthly? The
Posted: Mon Jul 11, 2022 12:51 pm
8 01 9 What is the effective annual rate of interest if $1000.00 grows to $1400.00 in five years compounded monthly? 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.)