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QUESTION
Suppose you invest $ 103 in a bank account, and five years later it has grown to $ 132.83. a. What APR did you receive, if the interest was
Suppose you invest $ 103 in a bank account, and five years later it has grown to $ 132.83.
a. What APR did you receive, if the interest was compounded semiannually?
b. What APR did you receive if the interest was compounded monthly?
a. What APR did you receive, if the interest was compounded semiannually?
The APR for semiannual compounding is what %. (Round to four decimal places.)
