If a $15,000 investment grew to $21,805 in 4 years of quarterly compounding, what effective rate

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If a $15,000 investment grew to $21,805 in 4 ½ years of quarterly compounding, what effective rate of return was the investment earning?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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If a $15,000 investment grew to $21,805 in 4 years of quarterly compounding, what effective rate of return was the investment earning?
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If a $15,000 investment grew to $21,805 in 4 years of quarterly compounding, what effective rate

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Business Mathematics In Canada

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