Question
Principal: $16,700 Interest rate: 24% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Do not round intermediate calculations. Round your final
Principal: $16,700 Interest rate: 24% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.)
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
