Over a 10 year period, an original principal of $4500 accumulated to $6925 in an account in which interest was compounded semiannually. Determine the effective annual rate of interest (rounded to 2 decimal places)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Over a 10 year period, an original principal of $4500 accumulated to $6925 in an account in which interest was compounded semiannually. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Arianna kicks a soccer ball off the ground and into the air with an initial velocity of 42 feet per second. Assume the starting height of the ball is 0 feet.
Answers (2)
To solve this system of equations by elimination, what operation could be used to eliminate the y-variable and find the value of x? 6x + 5y = 2 4x + 2y = 8
Answers (2)
867,000 rounded to the nearest ten thousand
Answers (1)
Find the surface area of a prisma 6 cm 2 cm 3cm
Answers (2)
What is the standard form of the equation of a circle with center (6, - 7) and radius 6 units?
Answers (1)
New Questions in Mathematics
What is the shape of the graph of any geometric sequence?
Answers (1)
Add or subtract mentally 8.01+1.09
Answers (2)
What is the slope of the line represented by the equation y = - y equals negative StartFraction 2 Over 3 EndFraction minus 5 x. - 5x? A. - 5 B. - 2/3 C. 2/3 D. 5
Answers (1)
Which complex number is equivalent to (7-9i) - (-1+3i) ?
Answers (1)
Evan bought two square rows the larger one measure 12 ft Square the smaller one had an area equal to 1/4 the area of the larger one what fraction of the side length of the larger rug with a side length of the smaller one
Answers (1)