SOLUTION: What is the equivalent simple interest (yield) for an investment of 5.5% compounded quarterly? Round to 2 decimal places.
Algebra.Com
Question 909989: What is the equivalent simple interest (yield) for an investment of 5.5% compounded quarterly? Round to 2 decimal places.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
RELATED QUESTIONS
$24,000 is deposited for 5 years in an account earning 7% interest. (Round your answers... (answered by Theo)
$24,000 is deposited for 5 years in an account earning 7% interest. (Round your answers... (answered by greenestamps)
If $12,000 is invested and interest is compounded quarterly, determine the amount of the... (answered by lynnlo)
$24,000 is deposited for 5 years in an account earning 7% interest. (Round your answers... (answered by josgarithmetic)
$24,000 is deposited for 5 years in an account earning 7% interest. (Round your answers... (answered by Boreal)
Use logarithms to solve the problem.
I need to find the interest rate needed for an... (answered by lwsshak3)
The First National Bank is offering a 5 year certificate of deposit (CD) at 4% interest... (answered by ikleyn)
Find the interest rate needed for an investment of $5600 to double in 7 yr if interest is (answered by lwsshak3)
Find the time required for an investment of 5000 dollars to grow to 8100 dollars at an... (answered by Fombitz)