You are interested in an investment project that pays 10% of interest rate compounded every four weeks.
Fantastic news! We've Found the answer you've been seeking!
Question:
You are interested in an investment project that pays 10% of interest rate compounded every four weeks. Assume a 52-week year. What percent return would you effectively earn?
Related Book For
Principles of Managerial Finance
ISBN: 978-0133507690
14th edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date: