Diane initially deposited $12,500 into a money market account and made no additional deposits or withdrawals. When she closed the account in exactly one year, its value had grown to $12,985. Calculate the annual growth rate for the money market account. Round your answer to two places after the decimal.
+4
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Diane initially deposited $12,500 into a money market account and made no additional deposits or withdrawals. When she closed the account ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Diane initially deposited $12,500 into a money market account and made no additional deposits or withdrawals. When she closed the account in exactly one year, its value had grown to $12,985.