You invested in a bank certificate of deposit with an annual percentage rate of 8% and where
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You invested in a bank certificate of deposit with an annual percentage rate of 8% and where the interest is paid quarterly. What is the effective annual rate at which you will earn every year from your investment ?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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