MATH HELP?

2016-11-06 7:50 pm
what is the annual rate of interest paid on a $2500, 4 year GIC that was compounded semi-annually and had a future value of $4200.

回答 (1)

2016-11-08 9:41 am
Using Excel RATE function
Rate = 2 x RATE(4*2,,-2500,4200) = 13.40%


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