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Unformatted text preview: rate of 5%. Calculate the year in which Robin and Anne will earning the same effective interest rate. Remember that the symbol for the effective interest rate is n i . 4. Dan had 1000 in an account at the end of 2005. During 2006 and 2007, Dan earned an annual effective interest rate of 8%. During 2008, Dan earned an annual effective interest rate of 4%. During 2009, Dan earned an annual effective interest rate of i . At the end of 2009, Dan had 1280 in his account. Calculate i ....
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 Spring '08
 Staff
 Math, Effective Interest Rate, simple interest rate

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