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Compounding Periods
Questions (2)
Assume that a one-year CD purchased for $2000 pays an APR of 4% that is compounded quarterly. How much is in the account at the
1 answer
asked by
Anonymous
117 views
A bank advertises an APR of 5.5% on personal loans. How much more is the APY when the rate is compounded monthly as compared to
1 answer
asked by
unit
20 views
Parent Categories (1)
Interest Rates
