Effective annual rate of interest


To accumulate 8000 at the end of 3n years, deposits of 196 are made at the end of each of the first 2n years and 98 at the end of each of the next n years. The effective annual rate of interest is i. You are given (1+i)^n = 2.0. Determine i.

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Basic Statistics: Effective annual rate of interest
Reference No:- TGS0845177

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