pattycake00
Jan 6, 2008, 01:39 PM
1. If you have 7.00 now and 8.10 in 3 years what is the effective annual interest rate?
2. If you have 9.00 now and 11.84 in 7 years what is the effective annual interest rate?
Show how you got the formula as I am a little confused on this as my excel buttons will not work.
Thank you
2. If you have 9.00 now and 11.84 in 7 years what is the effective annual interest rate?
Show how you got the formula as I am a little confused on this as my excel buttons will not work.
Thank you