SOLUTION: Find the effective yield ofco an investment that earns 4.75% compounded weekly. (Round to the nearest hundredth of a percent)
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Question 1181327: Find the effective yield ofco an investment that earns 4.75% compounded weekly. (Round to the nearest hundredth of a percent)
Found 2 solutions by Boreal, MathLover1:
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
this would be (1+(0.0475/52))^52=1.0486
or 4.86%
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Answer:
Effective Annual Rate:
%
Solution:
.......weekly rate
%
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