skylarann2003
Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Anika deposits $1,300 into an account that pays 1.7% interest, compounded monthly. Complete the following table. (Format the answers like the example provided. Round to the nearest cent.)

Year Amount
1 $1322.27
2
3
6
7
8
What is the average rate of return from the end of the first year to the end of the third year?

What is the average rate of return from the end of the sixth year to the end of the eighth year?

Sagot :

Answer:

i think it's about 20.4% per year

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.