Q. Suppose that you invest $1 for 1 year at 18% compounded monthly. How much interest would you earn? (Solved)
1. 19.56 % compounded annually
2. 18% compounded monthly
3. 1.5% per month for 12 months
4. all true
- d. all true
1. 19.56 % compounded annually
2. 18% compounded monthly
3. 1.5% per month for 12 months
4. all true