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round it to 4 decimal places please! Assime a bank oflers an effective annua raie of 7.97%. If compounding is monthly ahat is the APA?

round it to 4 decimal places please!
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Assime a bank oflers an effective annua raie of 7.97%. If compounding is monthly ahat is the APA? Answer Fermat: Percentage Flound to: 4 decimal places \{Example: 9.2434%, % sign required Will accept decimal tormat rounded to 6 decimal places (ex 0.092434 in A bank ofiers 9.00% on savings accounts. What is the elfective amual rate it interest is compounded sem-awuaty? Answer Format: Percentage Round to: 4 decimal places (Example: 9.2434%,% sign required. Wal accept decimal format rounded to 6 decienal places (ex 0.092434)

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