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

cc84sc

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10 months ago

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

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: 11^th

Authors: Jerome, Worswick

Read 72 times

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josham

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cc84sc Author

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10 months ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

Smiling Face with Open Mouth

Butwhy

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Yesterday

Good timing, thanks!

jakechambo3

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2 hours ago

Correct

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