Mathematics, 30.07.2019 20:30 robertjoy19
Refer to narrative 11-1. omar invests $3,000 at 12% interest, compounded semiannually for 2 years. calculate the effective interest rate for his investment. (round to nearest hundredth percent)
a. 10.80%
b. 9.65%
c. 12.36%
d. 12.52%
Answers: 1
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Refer to narrative 11-1. omar invests $3,000 at 12% interest, compounded semiannually for 2 years. c...
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