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Home Q & A Board Science-Related Homework Help Mathematics
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ikrabbe ikrabbe
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6 years ago
For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of interest with monthly compounding?
A) 10.381%
B) 5.0625%
C) 10.125%
D) 0.8265%
E) 9.918%
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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6 years ago
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ikrabbe Author
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6 years ago
Correct Slight Smile TY
Natalie Price
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Yesterday
Thank you, thank you, thank you!
tcat
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2 hours ago
Good timing, thanks!
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