Mathematics, 12.11.2020 09:20 wedderman8292
For example, if the interest rate is 3% compounded semiannually, this is represented in the compound interest formula as .03/2.
If the interest rate is 7% , how would that percent be represented in the compound interest formula if it was compounded
quarterly?
monthly?
annually?
Write answer as a fraction as above.
Answers: 2
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For example, if the interest rate is 3% compounded semiannually, this is represented in the compound...
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