Emily invested his savings of $1,625 in a savings account that was earning simple interest at 4.26% p.a. He also invested $3,325 in his friend's business at 0.42% p.m. a. What is the interest rate per month that is equivalent to 4.26% p.a.? 0.00 % Round to two decimal places

Emily invested his savings of $1,625 in a savings account that was earning simple interest at 4.26% p.a. He also invested $3,325 in his friend's business at 0.42% p.m. a. What is the interest rate per month that is equivalent to 4.26% p.a.? 0.00 % Round to two decimal places

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter7: Losses—deductions And Limitations

Section: Chapter Questions

Problem 71IIP

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Question

Emily invested his savings of $1,625 in a savings account that was earning simple
interest at 4.26% p.a. He also invested $3,325 in his friend's business at 0.42% p.m.
a. What is the interest rate per month that is equivalent to 4.26% p.a.?
0.00 %
Round to two decimal places

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