Mathematics, 30.07.2019 20:30 robertjoy19

Refer to narrative 11-1. omar invests $3,000 at 12% interest, compounded semiannually for 2 years. calculate the effective interest rate for his investment. (round to nearest hundredth percent)
a. 10.80%
b. 9.65%
c. 12.36%
d. 12.52%

Answers: 1

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Refer to narrative 11-1. omar invests $3,000 at 12% interest, compounded semiannually for 2 years. c...

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More questions: Mathematics Another questions

Refer to narrative 11-1. omar invests $3,000 at 12% interest, compounded semiannually for 2 years. calculate the effective interest rate for his investment. (round to nearest hundredth percent) a. 10.80% b. 9.65% c. 12.36% d. 12.52%

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Another question on Mathematics

Refer to narrative 11-1. omar invests $3,000 at 12% interest, compounded semiannually for 2 years. calculate the effective interest rate for his investment. (round to nearest hundredth percent)
a. 10.80%
b. 9.65%
c. 12.36%
d. 12.52%