Calaculate the effective annual rate for an investment that earns the given rate of return . Round to nearest hundredth of a percent. 6.4% interest compounded quarterly

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Collen VonLv2

3 Aug 2019

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roseskunk442

170$ has been invested in an account earning 3% rate of interest (APR),compounded quarterly. Write a function showing the value of account after t years,where annual growth rate can be found from constant of the function. Round all coefficients in the function to 4 decimal places.Also,determine the percentage of growth per year(APY),to the nearest hundredth of percentage.

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