Forums›Ask the Tutor ACCA MA›Annual effectiveAsk the Tutor ACCA MAAnnual effectiveFormer user11y ago[Content removed at user request]John MoffatTutor11y ago#1If r is the annual interest rate, then (1+r)^4 = 1.18 So 1+r = fourth root of 1.18Sign into reply to this topic.
John MoffatTutor11y ago#1If r is the annual interest rate, then (1+r)^4 = 1.18 So 1+r = fourth root of 1.18