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Home Q & A Board Science-Related Homework Help Mathematics
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Mostafa91 Mostafa91
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11 months ago
What is the effective interest rate corresponding to a nominal annual rate of:


a) 7.5% compounded semiannually?
b) 7.5% compounded quarterly?
c) 7.5% compounded monthly?

Calculate interest rates accurate to the nearest 0.01%.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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jd1044jd1044
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11 months ago
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