Question
Krystal Magee invested $150,000 18 months ago. Currently, the investment is worth $168,925. Krystal knows the investment has paid interest every month, but she doesnt
Krystal Magee invested $150,000 18 months ago. Currently, the investment is worth $168,925. Krystal knows the investment has paid interest every month, but she doesnt know what the yield on her investment is. Help Krystal. Compute both the annual percentage rate (APR), rSIMPLE, and the effective annual rate (EAR), rEAR.
I'm actually not sure how to enter the numbers on a business calculator.
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Mathematical Control Theory And Finance
Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
