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berry berry
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A year ago
To be equivalent to 10% compounded monthly, what must be the nominal rate with:


a) Annual compounding?
b) Semiannual compounding?
c) Quarterly compounding?

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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elixy19elixy19
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A year ago
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