Question: an investment provides a 2 . 5 % return semi annually. its effective annual rate is ? provide your answer in percentage
an investment provides a return semi annually. its effective annual rate is
provide your answer in percentage
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
