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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

pattycake00
Jan 6, 2008, 01:40 PM
Show me how the formula is done