Asked by Katlyn
An investment pays 6% compounded four times a year. How would you be able to find the annual growth factor and rate?
Answers
Answered by
drwls
The annualized percentage rate is
(1.015)^4 -1 = 6.136%
What you are calling the annual growth facor is (1.015)^4 = 1.06136
(1.015)^4 -1 = 6.136%
What you are calling the annual growth facor is (1.015)^4 = 1.06136
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