Question
A person deposits $1,044 in an account that pays 3.30% interest per year. Interest is compounded 6 times per year. The money remains in the
A person deposits $1,044 in an account that pays 3.30% interest per year. Interest is compounded 6 times per year. The money remains in the account for 8 years.
What is the interest rate per period? _____%
Round to two decimal places as necessary.
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Behavioral Finance
Authors: Edwin Burton, Sunit N. Shah
1st Edition
111830019X, 978-1118300190
