Ask a New Question
Search
Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it accumulates to 817.39 after 4 years. Find the annual nominal interest rate of the investment.
Ask a New Question
or
answer this question
.
Similar Questions
Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it
1 answer
a) 1150 dollars invested at 9% annual interest rate (compounded yearly) or
b) 1475 invested at 6% annual interest (compounded
1 answer
What nominal annual rate of interest compounded yearly is required to double an investment in 13 years?
1 answer
calculate the nominal interest per annum if the effective rate was 11.4% p.a compounded half yearly for 5 years
1 answer
more similar questions
1 answer