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Title: Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 10% p. Post by: ikrabbe on Nov 27, 2017 Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 10% p.a. compounded semi-annually.
Title: Re: Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 10% ... Post by: rmaccara on Nov 27, 2017 = = 0.05
= 1 + i = 1 + i = 1.024695077 i = 0.024695077 × 4 × 100% = 9.878% i = 9.878% Programmed solution: |