Answered

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Find the annual interest rate for account 3 to complete the table. The math process used to find the effective annual interest rate of account 4 has been modeled for you:

Account 4: Rewrite the base (b) of the expression:

(1.0000938)365t = (1.0000938365)t ≈ (1.03483)t = (1 + 0.03483)t.

Sagot :

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