Question: Please use Solver on Excel to find the answer. Suppose at time 0 you had $1800 in the bank and 8 years later you had
Please use Solver on Excel to find the answer.
Suppose at time 0 you had $1800 in the bank and 8 years later you had $8500. Use Solver to calculate the effective annual rate of return if the bank pays interest continuously
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
