Mathematics, 17.04.2020 00:31 doe69902

If an account is increasing at a rate of 2.1% compounded monthly, what is the exact value of i in the following future value ordinary annuity formula?

F V = P (Start Fraction (1 + i) superscript n Baseline minus 1 over i End Fraction)

a.2.1

b.0.021 / 100
c.0.021 / 12 End Fraction

d.0.21 / 12

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If an account is increasing at a rate of 2.1% compounded monthly, what is the exact value of i in th...

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