A student bought a 75 used guitar and agreed to pay for


a student bought a $75 used guitar and agreed to pay for with a single $85 payment at the end of the 6 months. assuming semiannual (every 6 months) compounding, what is the normal annual interest rate? what is the effective interest rate?

Request for Solution File

Ask an Expert for Answer!!
Civil Engineering: A student bought a 75 used guitar and agreed to pay for
Reference No:- TGS0654063

Expected delivery within 24 Hours