Top Posters
Since Sunday
38
o
10
10
j
9
m
9
C
8
s
8
a
8
f
8
y
8
n
8
d
8
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
cc84sc cc84sc
wrote...
Go to Answer
Posts: 103
Rep: 0 0
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:
Read 53 times
1 Reply
Replies
Answer verified by a subject expert
joshamjosham
wrote...
#1
Posts: 107
Rep: 0 0
5 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
3.94% compounded quarterly
1

Related Topics

cc84sc Author
wrote...

5 months ago
Smart ... Thanks!
halyna
wrote...

Yesterday
Thanks
gefa
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  446 People Browsing
 239 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 888
  
 300
  
 273
Your Opinion
Previous poll results: Which is the best fuel for late night cramming?