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Title: The treasurer of a union proposes changing the method of compounding interest on premium savings acc Post by: bio_man on Mar 26, 2023 The treasurer of a union proposes changing the method of compounding interest on premium savings accounts to monthly compounding. If the current rate is compounded daily, what nominal rate should the treasurer suggest to the board of directors to maintain the same effective rate of interest.
The new nominal rate of interest should be ________ Title: Re: The treasurer of a union proposes changing the method of compounding interest on premium savings ... Post by: bio_man on Mar 26, 2023 Content hidden
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