Question: an investment provides a 2 . 5 % return semi annually. its effective annual rate is ? provide your answer in percentage

an investment provides a 2.5% 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 blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!