Sir, could you please explain how to do this question?
An investment offers one interest payment of 18% at the end of its 4 years life.
Ask the Tutor ACCA MA
Effective Annual rates
11y ago#1If the annual rate is R, then (1+R)^4 = 1.18
Therefore R = (fourth root of 1.18) - 1
Sign in to reply to this topic.