Ed Sullivan deposited $14,000 at Roll Bank at 8% interest compounded semiannually. What was the effective rate

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Ed Sullivan deposited $14,000 at Roll Bank at 8% interest compounded semiannually. What was the effective rate (APY)? Round to nearest hundredth percent.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

Posted Date: Mar 08, 2024 05:12 AM

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Ed Sullivan deposited $14,000 at Roll Bank at 8% interest compounded semiannually. What was the effective rate

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Business Mathematics In Canada

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