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Potvin Potvin
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Posts: 1260
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7 years ago
Shylock Bank offers a savings account with a nominal rate of 9% and quarterly compounding. What is the effective rate of the account?
A) 9.31%
B) 9.00%
C) 9.20%
D) 9.42%
E) 8.63%
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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#1
Posts: 499
Rep: 25 0
7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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Potvin Author
wrote...
#2
7 years ago
You're incredible, ty
wrote...
#3
5 years ago
Shylock Bank offers a savings account with a nominal rate of​ 9% and quarterly compounding. What is the effective rate of the​ account?
A.
​8.63%
B.
​9.00%
C.
​9.42%
D.
​9.20%
E.
​9.31%
wrote...
#4
4 years ago
u
wrote...
#5
4 years ago
This helped a bunch
wrote...
#6
4 years ago
Hi
wrote...
#7
3 years ago
Thank you!
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