Yolandas bank advertises a savings investment that pays 6 percent compounded monthly. What is the investments (a)
Question:
Yolanda’s bank advertises a savings investment that pays 6 percent compounded monthly. What is the investment’s
(a) annual percentage rate
(APR) and
(b) effective annual rate (rEAR)?
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Abhinav Saraogi
I have graduated in computer science engineering specialization. I have also participated in a national hackathon once. My interest is in Data Analytics and someday would achieve the dream of becoming a data scientist.
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