Question
1) you invest $100 into a CD offering 5% APR with semi-annual compounding (i.e., two times per year). How much money will you have in
1) you invest $100 into a CD offering 5% APR with semi-annual compounding (i.e., two times per year).
How much money will you have in the account after 1 year?
2) You put $1,000 into a savings account today that offers a 5% APR with semi-annual compounding (i.e., two times per year).
What is the effective annual rate of the saving account?
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Private Debt Yield Safety And The Emergence Of Alternative Lending
Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
