Mathematics, 26.02.2021 07:30 journey888
You deposited $1,500 in a savings account that pays 3% interest annually, compounded monthly. After one year, your balance is $1,545.62. What is your rate of return for one year?
3%
1.03%
3.04%
0.03%
Answers: 3
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You deposited $1,500 in a savings account that pays 3% interest annually, compounded monthly. After...
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