Mathematics, 17.04.2020 00:31 doe69902
If an account is increasing at a rate of 2.1% compounded monthly, what is the exact value of i in the following future value ordinary annuity formula?
F V = P (Start Fraction (1 + i) superscript n Baseline minus 1 over i End Fraction)
a.2.1
b.0.021 / 100
c.0.021 / 12 End Fraction
d.0.21 / 12
Answers: 1
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If an account is increasing at a rate of 2.1% compounded monthly, what is the exact value of i in th...
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