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drw92 drw92
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11 months ago
What is the effective interest rate corresponding to a nominal annual rate of:


a) 9% compounded semiannually?
b) 9% compounded quarterly?
c) 9% compounded monthly?

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

Business Mathematics in Canada


Edition: 11th
Authors:
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desai.sumeet1desai.sumeet1
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11 months ago
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This helped my grade so much Perfect
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