1.1 A deposit of $1,000,000 in an account with an annual rate with monthly compounding. The account will have the amount
Posted: Mon Apr 25, 2022 8:53 am
1.1 A deposit of $1,000,000 in an
account with an annual rate with monthly compounding. The account
will have the amount of $1,629,994.054 after seven (7)
years.
Calculate the annual rate with monthly compounding
associated with this account.
account with an annual rate with monthly compounding. The account
will have the amount of $1,629,994.054 after seven (7)
years.
Calculate the annual rate with monthly compounding
associated with this account.