Ask a New Question

Question

Shannon invests $3,000, at 8% interest, compounded quarterly for one year. Use Table 11-1 to calculate the effective interest rate for her investment. (Round the effective rate to the nearest hundredth percent.)
11 years ago

Answers

Steve
So, did you use the table?
11 years ago
jay
2.00
7 years ago

Related Questions

Shannon put $ 7,000 in a 5 year CD that paid 8% interest per year. Malcolm put $6,000 in a 5 year CD... Shannon and three friends are driving 2000miles to California.The car consumes 3 gallons of gas per... Shannon finances $189,000 with a 20/7 balloon mortgage at 6.25%. How much will she pay for principal... Shannon states that 7 5 8 − 5 1 3 = 2 4 5 7 5 8 - 5 1 3 = 2 4 5 because 7... Shannon needs 20g of 80% gold to make a pendant. She has some 85% gold and some 70% gold from broken... Which Shannon could appear in a conclusion Shannon has three different recipes for chocolate chip cookies. If she wants to make 4 dozen cookies... Sue and Shannon are having an argument about diet myths. In order to settle the argument, select the... Shannon has made 12 of her last 20 free throws. At this rate, how many free throws will she make if... Shannon's mom told her that she can spend at most $175 for party decorations and food for her birthd...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use