Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Anonymous bio_man
wrote...
Go to Answer
A year ago
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 ________
Read 60 times
1 Reply
Replies
Answer verified by a subject expert
Anonymous AuthorAnonymous
wrote...
#1
A year ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

Anonymous Author
wrote...

A year ago
Thanks
rileyjones420
wrote...

Yesterday
this is exactly what I needed
choih94
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  658 People Browsing
 125 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 302
  
 257
  
 278
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Which of the following is the best resource to supplement your studies: