Mathematics, 27.07.2021 01:00 cfnewton09
Kraig deposited money into a money market account. It has an interest of 12% and is compounded annually. Kraig thought 3% would be the equivalent quarterly interest rate. Is Kraig correct? If he is, explain why. If he is not correct, state what the equivalent quarterly interest rate. Explain.
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Kraig deposited money into a money market account. It has an interest of 12% and is compounded annua...
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