A $10,000 investment grew to $12,000 after 39 months of semiannual compounding. What effective rate of return

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A $10,000 investment grew to $12,000 after 39 months of semiannual compounding. What effective rate of return did the investment earn?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:37 AM

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A $10,000 investment grew to $12,000 after 39 months of semiannual compounding. What effective rate of return

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The effective interest rate is the annually compounded rate that ...View the full answer

Business Mathematics In Canada

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