Hello to all , I would like to know if any one can help me with effective annual Interest rate
1. If you have $7.00 now and $8.10 in 3 years, what is the effective annual interest rate?
Can someone help me to solve this problem, maybe walk me through the work. Thanks
1. If you have $7.00 now and $8.10 in 3 years, what is the effective annual interest rate?
Can someone help me to solve this problem, maybe walk me through the work. Thanks