Top Posters
Since Sunday
e
4
h
4
h
4
m
3
d
3
B
3
o
3
w
3
H
3
a
3
c
3
k
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
JohnCena494 JohnCena494
wrote...
Go to Answer
Posts: 142
Rep: 0 0
A year ago

Sami has an opportunity to invest $50,000 in a business that is expected to earn rates of return of 5.4%, 6.2%, 7.1% and 8% compounded annually over the next four years. What is the single equivalent rate of return (rounded to two decimal places)?

a. compounded monthly          b. compounded semiannually

Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 50 times
1 Reply
Replies
Answer verified by a subject expert
GlitterBug11GlitterBug11
wrote...
#1
Posts: 132
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

JohnCena494 Author
wrote...

A year ago
You make an excellent tutor!
ezsancheezy
wrote...

Yesterday
Helped a lot
Transonic
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1273 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1106
  
 317
  
 119
Your Opinion
Do you believe in global warming?
Votes: 423
Previous poll results: Who will win the 2024 president election?