Narrative 11-2
Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
-Refer to Narrative in your text 11-2. Boris invested $4,000 in a savings account for three years, at 12% compounded monthly. What is the effective rate of interest?

Question

Quizplus · Accepted Answer

The Answer of Narrative 11-2
Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
-Refer to Narrative in your text 11-2. Boris invested $4,000 in a savings account for three years, at 12% compounded monthly. What is the effective rate of interest?

Narrative 11-2 Solve the Following Problems Using Either Tables 11-1 or 11-2