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Home Q & A Board Science-Related Homework Help Mathematics
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lbsusugar lbsusugar
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5 months ago
What monthly compounded interest rate is equivalent to 6% compounded:


a) Annually?
b) Semiannually?
c) Quarterly?

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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DeeclaireDeeclaire
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5 months ago
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More solutions for this book are available here
a) 5.84% compounded monthly
b) 5.93% compounded monthly
c) 5.97% compounded monthly
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