- This topic has 0 replies, 1 voice, and was last updated Jan-188:13 pm by
.
-
Posts
-
-
Up0
If you are offered a rate of 5%, compounded monthly, on an account that requires a minimum running balance of $6,500, what is the effective annual rate of interest paid?
- 7.8
- 5
- 5.12
-
Viewing 0 reply threads
- You must be logged in to reply to this topic.