Question
You plan to invest $100 for two years in a saving account. The saving account pays continuously compounded interest of 8%. The effective annual rate
You plan to invest $100 for two years in a saving account. The saving account pays continuously compounded interest of 8%. The effective annual rate of interest earned on the investment is:
16.66 per cent
8.16 per cent
8.33 per cent
8.00 per cent
16.00 per cent
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
