maryrritter1999 maryrritter1999

03-11-2022
Mathematics

Answered

John makes an investment of 8800 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $150. At the end of 3 years, his balance is 13800. Determine the interest he earned on the savings account.

John annual percentage rate on his investment was
.

Answer :

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