You have found an investment that pays 0.5% each week. What is the effective annual rate of return for this investment? Question 15 options: 15.8% 24.7% 26% 29.6%
You have found an investment that pays 0.5% each week. What is the effective annual rate of return for this investment? Question 15 options: 15.8% 24.7% 26% 29.6%
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
Related questions
Question
You have found an investment that pays 0.5% each week. What is the effective annual rate of return for this investment?
Question 15 options:
|
15.8% |
|
24.7% |
|
26% |
|
29.6% |
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