presume effective annual rate=x
30(1+x)²＝34.4,
x=0.07(two decimal places.)
關于effective annual rate的美國數(shù)學題
關于effective annual rate的美國數(shù)學題
Steven purchased 1000 shares of a certain stock for $30,000 (including commissions).He sold the shares 2 yr later and received $34,400 after deducting commissions.Find the effective annual rate of return on his investment over the 2-yr period.(Round your answer to two decimal places.)
Steven purchased 1000 shares of a certain stock for $30,000 (including commissions).He sold the shares 2 yr later and received $34,400 after deducting commissions.Find the effective annual rate of return on his investment over the 2-yr period.(Round your answer to two decimal places.)
英語人氣：249 ℃時間：2020-02-06 04:46:21
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