Plugging those values into the decimal formula for EAR yields {eq}EAR = (1 + \frac{0.06}{4})^4-1 {/eq} which equals approximately 0.06136. 2. Yeonmi invests $2,000 at 4% interest compounded daily. What is the effective annual rate in 2023 as a percentage? Explanation: Because the ...
and it’s just like a bridge hand. You have to think of a lot of different things at once.There’s never going to be a formula that will make you rich just by going through some numerical process.If that
I tried to figure out how much diversification I would need if I had a 10% advantage every year over stocks generally. I just worked it out. I didn’t have any formula, I just worked it out with my high school algebra. And I realized that if ...