Question
Alex deposited $ 2500 in an account 4 years ago. Since then she has not deposited or withdrawn any money from his account. Today, the
Alex deposited $ 2500 in an account 4 years ago. Since then she has not deposited or withdrawn any money from his account. Today, the account has a balance of 3176,22 SEK. Given that Alex's account provides a monthly interest payment (monthly compounding interest) what is John's annual interest rate (APR)?
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
