ifivalest Ħ 500 today it will becomeyou* 1000 at Yhe echet of 4:5years.Whatis the effective rate of interet if it isompounded querterly

The effective interest rate refers to the rate of interest gained on an investment or paid on a loan…

Answered: If vou imvest # 500 today, it will…

If vou imvest # 500 today, it will become you 91000 at Ythe e upel of 4.5 Syears. What is the effective rate of niteret if it is compounded querterly?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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if
ivalest Ħ 500 today it will become
you
* 1000 at Yhe echet of 4:5years.
What
is the effective rate of interet if it is
ompounded querterly

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