Mathematics, 30.01.2020 19:47 namira16

What is the effective annual interest rate on a savings account that earns interest at a rate of 1.55% compounded monthly?
a.
1.29%
b.
1.55%
c.
1.56%
d.
1.59%

Answers: 2

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What is the effective annual interest rate on a savings account that earns interest at a rate of 1.5...