Mathematics, 03.12.2020 14:00 senituliii
Gwenyth deposited money into her savings account that is compounded annually at an interest rate of 15%. Gwenyth thought the equivalent quarterly interest rate would be 3.75%. Is Gwenyth correct? If she is, explain why. If she is not correct, state what the equivalent quarterly interest rate is and show how you got your answer.
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Gwenyth deposited money into her savings account that is compounded annually at an interest rate of...
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