Question

Marit Brunsell deposited $50,000 at Bank of America at 20% interest compounded quarterly. What is the effective rate (APY)? (
0 0
Add a comment Improve this question Transcribed image text
Answer #1

fince) Pefective inter rate (E) is Effective interest by :- given lihen Namenal rate - 20.1. ( 2 Companhard Prequercy - bele

Add a comment
Know the answer?
Add Answer to:
Marit Brunsell deposited $50,000 at Bank of America at 20% interest compounded quarterly. What is the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT