This preview shows page 1. Sign up to view the full content.
Unformatted text preview: . 89% per year compounded daily or 3 . 91% per year compounded quarterly? 12. What is the eective rate of interest of an account that grows from $1,000 to $2,500 in 10 years if the account pays interest that is compounded monthly?...
View
Full
Document
This note was uploaded on 03/04/2012 for the course MATH 141 taught by Professor Jillzarestky during the Fall '08 term at Texas A&M.
 Fall '08
 JillZarestky

Click to edit the document details