Find the interest rate for a $4100 deposit accumulating to $5994.78, compounded monthly for 6 years.

Question

Find the interest rate for a $4100 deposit accumulating to $5994.78, compounded monthly for 6 years.

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Vodka 2 months 2021-09-02T15:18:01+00:00 1 Answers 0 views 0

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    2021-09-02T15:19:40+00:00

    Answer:

    r = [1 + (i/n)]n – 1. Where: r =

    Step-by-step explanation:

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