Question
A bank offers 5.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly? Submit Answer format: Percentage Round to: 4
A bank offers 5.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly?
Submit
Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
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Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
9th Edition
0128016094, 978-0128016091
