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Problems (1) Kasperi deposited 18,600 into his savings account four years ago. Today, his account balance is 26,050. A ssume his savings account compounds interest
Problems (1) Kasperi deposited 18,600 into his savings account four years ago. Today, his account balance is 26,050. A ssume his savings account compounds interest on a monthly basis and rates have not changed over the four-year period, what was the quoted rate when Kasperi made his deposit? eureo no EAR Since i acounss for co mpounda h-4 APR APR = 0.08778.986 a EA 0032 lEAR = 0.091488 or 9.1488% la
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