Mathematics, 16.12.2020 19:20 jesse1384

PLEASE HELP A $500 investment in a 12-month CD with an interest rate of 4.89% compounded monthly, earns $25 interest in one year. What effective rate of interest does this investment earn?

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PLEASE HELP A $500 investment in a 12-month CD with an interest rate of 4.89% compounded monthly, e...

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