1 Answered Questions for the topic #Compound Interest
#compound Interest
02/26/17
A 5 year period where the Principle is 2000 and it accumulates to 2950 when compounded quarterly what is the effective rate?
over a 5 year period and original principle of 2000 accumulated to 2950 in an account in which interest was compounded quaterly. Determine the effective rate of interest?The answer in the back says...
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