Annual Effective Rate Examples | Exam FM | Financial Mathematics - JK Math

Transcript

All right, welcome back. So, we'll start with this one where Patty places money into an account earning 15% interest every 2 years. What is her annual effective interest rate? So, we'll start by writing down what we know. We know that Patty has an interest rate that isn't yearly. It's taking place every 2 years and it's 15%. So, I'll start by writi... Read More