Suppose you invest $100 in a bank account, and five years later it has grown to $134.39. What APR did you receive if the interest was compounded semiannually? What APR did you receive if the interest was compounded monthly
Suppose you invest $100 in a bank account, and five years later it has grown to $134.39. What APR did you receive if the interest was compounded semiannually? What APR did you receive if the interest was compounded monthly
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 4QTD
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Suppose you invest $100 in a bank account, and five years later it has grown to $134.39.
What APR did you receive if the interest was compounded semiannually?
What APR did you receive if the interest was compounded monthly
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