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when i put 0.80% forquestion C it says wrong. Your bank is offering you an account that wnl pay 21% internst (an effective fwo-year rate)
when i put 0.80% forquestion C it says wrong.
Your bank is offering you an account that wnl pay 21% internst (an effective fwo-year rate) in tetal fer a fwo-year deposit. Dotormine the equisgrent discount rate for the fellowing penode. a. Six months b. Oove yeat c. One momth (Niote- Be careful nof to round any intecmediate afeps less fnan sox docimal places) a. Six menthe The equalont decount rate foe a pedsed iength of sax monens is 4.86 * is. Roone ie tar decainial placet) b. one ighen c. Oren martil (Round to ther dicimatiansil Step by Step Solution
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