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cc84sc cc84sc
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5 months ago
To be equivalent to 4% compounded annually, what must be the nominal rate with quarterly compounding?

▸ 6.94% compounded quarterly

▸ 4.94% compounded quarterly

▸ 2.94% compounded quarterly

▸ 3.94% compounded quarterly

▸ 3.49% compounded quarterly
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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joshamjosham
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5 months ago
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3.94% compounded quarterly

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cc84sc Author
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5 months ago
Smart ... Thanks!
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Yesterday
Thanks
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2 hours ago
You make an excellent tutor!
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