An account earns 5% annual compound interest. The amount in the account after t
years is equal...
Mathematics, 06.05.2020 05:39 ihatemylife0
An account earns 5% annual compound interest. The amount in the account after t
years is equal to the principal times the expression (1 + 0.05)', or 1.05! To the nearest
tenth of a percent, what is the monthly compound interest rate?
4.0%
40.0%
0.004%
0.4%
Answers: 3
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