Business, 28.06.2019 22:30, kaelyynn752

If alvin invests $5,500 today in a savings account, the money will grow to $8,500 at the end of year 4. assuming that the interest is paid once per year, the effective annual rate of the investment is a. 12.20% b. 10.82% c. 13.57% d. 12.85% e. 11.50%

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If alvin invests $5,500 today in a savings account, the money will grow to $8,500 at the end of year...