Suppose that a savings account pays an effective rate of interest of 11 percent. What is the equivalent semiannual compound interest rate? Thank you!
Suppose that a savings account pays an effective rate of interest of 11 percent. What is the equivalent semiannual compound interest rate? Thank you!
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Suppose that a savings account pays an effective rate of interest of 11 percent. What is the equivalent semiannual compound interest rate? Thank you!
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