Suppose you invest $108 in a bank account, and five years later it has grown to $131.63. a. What APR did you receive, if the interest was compounded semiannually? b. What APR did you receive if the interest was compounded monthly?

Question

Question

Suppose you invest in a bank account, and five years later it has grown to .

a. What APR did you receive, if the interest was compounded semiannually?

b. What APR did you receive if the interest was compounded monthly?

Answer 1

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Answer #1

answered by: Andrew San Andres

> Please can you answer : I didn't understand how you found that and I can't read the number after (131,63/108). Thank you.

nala780 Mon, Sep 20, 2021 4:44 AM

Answer 2

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