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Earn +20 ptsQ: What is 7 percent compounded monthly?
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Continue Learning about Other Math
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is the effective annual rate of 12 percent compounded monthly?
3
How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
What is the effective annual rate of 6.3 percent compounded monthly?
6.485% (rounded)
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
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