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For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of intere

Masuma Shuchi1

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3 years ago

For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of intere

For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of interest with monthly compounding?

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bio_man

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3 years ago

APR(quarterly) = 10.00%

APR(monthly) = 12[(1 + 0.10/4)1/3 - 1]

APR(monthly) = 9.918%

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