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A dot-com company plans to place money in a new venture capital fund that currently returns 18% per year, compounded daily, what effective rate is this (a) yearly and (b) semi-a…

A dot-com company plans to place money in a new venture capital fund that currently returns 18% per year, compounded daily, what effective rate is this (a) yearly and (b) semi-a…
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A dot-com company plans to place money in a new venture capital fund that currently returns 18% per year, compounded daily, what effective rate is this (a) yearly and (b) semi-annually?

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User Glen Solsberry
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8.3k points

1 Answer

3 votes

Answer:it is 18*20 effective every year

Explanation:

answered
User Mbuechmann
by
8.3k points
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