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cc84sc cc84sc
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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
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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joshamjosham
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cc84sc Author
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A year ago
Thank you, thank you, thank you!
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Thanks for your help!!
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Good timing, thanks!
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