Mathematics, 29.06.2019 16:30 emilypzamora11
Chan deposited money into his retirement account that is compounded annually at an interest rate of 7 % . chan thought the equivalent quarterly interest rate would be 2 % . ls chan correct ? if he is , explain why . if he is not correct , state what the equivalent quarterly interest rate is and show how you got your answer.
Answers: 1
( By the formula, 
)
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