1.11t can be written as (1.111/12)12t to give the monthly interest rate based on an annual rate of 11%. Transform the expression into a single exponent expression that gives the approximate equivalent

1.11t can be written as (1.111/12)12t to give the monthly interest rate based on an annual rate of 11%. Transform the expression into a single exponent expression that gives the approximate equivalent monthly interest rate based on an annual rate of 11%.

1 Answer

1.11t can be written as (1.111/12)12t to give the monthly interest rate based on an annual rate of 11%. Transform the expression into a single exponent expression that gives the…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions