Question
You want to invest $18,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that pays a nominal
You want to invest $18,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that pays a nominal rate of 4% that is compounded monthly. What is the effective rate of return that you will earn from this investment?
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Forecasting Principles And Practice
Authors: Rob J Hyndman, George Athanasopoulos
1st Edition
0987507109, 978-0987507105
