Mr. X deposists $10,000 in a svaings certifcate earning r percent annual interst compunded quartely. What is the value of r?
1.) During the term of the certificate, he earns $18 more than he would if the interest were not compunded.
2.) He withdraws all the money 6 months after depositing.
1.) During the term of the certificate, he earns $18 more than he would if the interest were not compunded.
2.) He withdraws all the money 6 months after depositing.
















