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What quarterly compounded rate is equivalent to 7.5% compounded monthly?

islandgurl

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What quarterly compounded rate is equivalent to 7.5% compounded monthly?

What quarterly compounded rate is equivalent to 7.5% compounded monthly?

▸ 4.55% compounded monthly

▸ 8.55% compounded quarterly

▸ 7.90% compounded quarterly

▸ 7.55% compounded monthly

▸ 7.55% compounded quarterly

Textbook

Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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tranle311

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