if you invest $5,000 in a savings account with quarterly compounding at 16%, what is the interest rate per compounding period?

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04-11-2022
Business

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if you invest $5,000 in a savings account with quarterly compounding at 16%, what is the interest rate per compounding period?

Sagot :

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if you invest $5,000 in a savings account with quarterly compounding at 16%, what is the interest rate per compounding period?

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