Answered

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Suppose you deposit $2,262.00 into an account today. In 11.00 years the account is worth $3,855.00. The account earned ____% per year.

Sagot :

Zviko

Answer:

4.97 %

Explanation:

Data and Calculation :

PV = - $2,262.00

N =  11.00

FV = $3,855.00

P/YR = 1

PMT = $0

I/YR = ? 4.97 %

THUS,

The account earned 4.97 % per year.

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