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A deposit of 200 grows at an annual simple interest rate of 8%. What is the value of the deposit at the end of 7
A deposit of 200 grows at an annual simple interest rate of 8%. What is the value of the deposit at the end of 7 years? Give your answer as a decimal rounded to two places (i.e. X.XX). A deposit of 200 grows at an annual effective interest rate of 8%. What is the value of the deposit at the end of 7 years? Give your answer as a decimal rounded to two places (i.e. X.XX). A deposit of 200 grows at a nominal annual interest rate of 8% compounded semiannually. What is the value of the deposit at the end of 7 years? Give your answer as a decimal rounded to two places (i.e. X.XX). What annual effective interest rate is equivalent to a nominal annual interest rate of 6% compounded monthly? Give your answer as a percentage rounded to four places (i.e. X.XXXX%). Do not include the percent sign in BlackBoard
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