Short Answer
John Riviera deposits $14,000 in National Bank at 8% compounded quarterly. What is the effective rate (APY)of interest? (round answer to nearest hundredth)
Correct Answer:
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$14,000 × 1.0824 = $...View Answer
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Correct Answer:
Verified
$14,000 × 1.0824 = $...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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