domher61 domher61

15-02-2021
Mathematics

contestada

What is the effective interest rate on an account that earns 5.5% compounded monthly?

Respuesta :

madethisfortwitch1 madethisfortwitch1

15-02-2021

Answer:

.46%

Step-by-step explanation:

.055/12= .00458= .46%

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