When an investment grows p% over n years, the effective annual percentage rate, r, and p are 100 (1- related by the formula p = 10 Calculate the effective annual percentage 100)-1). rate of an investment that grows 7.46% over 5 years. Round your answer to two decimal places. Note that p andr are percents. So, for example, if an investment grows 8.25%, p = 8.25. % Question Help: D Post to forum Submit Question

When an investment grows p% over n years, the effective annual percentage rate, r, and p are 100 (1- related by the formula p = 10 Calculate the effective annual percentage 100)-1). rate of an investment that grows 7.46% over 5 years. Round your answer to two decimal places. Note that p andr are percents. So, for example, if an investment grows 8.25%, p = 8.25. % Question Help: D Post to forum Submit Question

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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When an investment grows p% over n years, the effective annual percentage rate, r, and p are
n
related by the formula p = 100( (1+
100
1).
Calculate the effective annual percentage
rate of an investment that grows 7.46% over 5 years. Round your answer to two decimal places.
Note that p and r are percents. So, for example, if an investment grows 8.25%, p = 8.25.
Question Help: D Post to forum
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