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Title: For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of intere Post by: Masuma Shuchi1 on Apr 16, 2022 For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of interest with monthly compounding?
Title: Re: For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of ... Post by: bio_man on Apr 16, 2022 APR(quarterly) = 10.00%
APR(monthly) = 12[(1 + 0.10/4)1/3 - 1] APR(monthly) = 9.918% |