5. If you receive 0.5% return on an account every month, what would be the equivalent return for one year? Another way t
Posted: Tue Apr 26, 2022 11:12 am
- 5 If You Receive 0 5 Return On An Account Every Month What Would Be The Equivalent Return For One Year Another Way T 1 (17.8 KiB) Viewed 58 times
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5. If you receive 0.5% return on an account every month, what would be the equivalent return for one year? Another way to think about this is, since there are 12 compounding periods in one year, what is the yearly rate of return? You should use the FV formula.