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Other Fields Homework Help Business Topic started by: borteleto on Jul 4, 2018



Title: One bank offers you 4% interest compounded semiannually. What would the equivalent rate be if ...
Post by: borteleto on Jul 4, 2018
One bank offers you 4% interest compounded semiannually. What would the equivalent rate be if interest were compounded quarterly?
A) 3.98%
B) 3.96%
C) 3.92%
D) 1.00%


Title: One bank offers you 4% interest compounded semiannually. What would the equivalent rate be if ...
Post by: Marc18 on Jul 4, 2018
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Title: One bank offers you 4% interest compounded semiannually. What would the equivalent rate be if ...
Post by: borteleto on Jul 4, 2018
:white_check_mark: Correct!