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Science-Related Homework Help Mathematics Topic started by: mooncalled on Jun 4, 2023



Title: What is the effective interest rate corresponding to a nominal annual rate of: a) 6% compounded ...
Post by: mooncalled on Jun 4, 2023
What is the effective interest rate corresponding to a nominal annual rate of:


a) 6% compounded semiannually?
b) 6% compounded quarterly?
c) 6% compounded monthly?

Calculate interest rates accurate to the nearest 0.01%.


Title: Re: What is the effective interest rate corresponding to a nominal annual rate of: a) 6% compounded ...
Post by: bamboofactor on Jun 4, 2023
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