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PLEASE SHOW YOUR WORK Its taken me hours to get to this point do not want to redo. Suppose you invest at an APR of
PLEASE SHOW YOUR WORK
Its taken me hours to get to this point do not want to redo.
Suppose you invest at an APR of 8.04% for 8 years, what annual interest rate did you actually earn each year if interest is compounded semiannually? Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "\$" ", or any other formatting. Carry interim computations to at least 4 decimals. Enter percentage answers as a positive percentage \% rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 (\##.\##) Question 22 Suppose you invest at an APR of 8.58% for 12 years, what annual interest rate did you actually earn each year if interest is compounded monthly? Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "\$" "." or any other formatting. Carry interim computations to at least 4 decimals. Enter percentage answers as a positive percentage \% rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 (\#\#.##) Question 23 10 pts How much must Lyle invest today in an investment that pays an APR of 9.81% with monthly compounding if he wants to have $9,670 in 7 years from today? Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "\$" ", or any other formatting. Carry interim computations to at least 4 decimals. Enter numerical answers as a positive number rounded to 2 decimal places (###.\#\#)Step by Step Solution
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