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What is the quarterly compounded nominal rate that is equivalent to 18% compounded monthly?

frustelle

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What is the quarterly compounded nominal rate that is equivalent to 18% compounded monthly?

What is the quarterly compounded nominal rate that is equivalent to 18% compounded monthly?

▸ 18.53%

▸ 17.84%

▸ 16.89%

▸ 18.64%

▸ 18.27%

Textbook

Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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browntown345

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