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Hillier Hillier
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7 years ago
Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 15% p.a. compounded semi-annually.
A) 7.5%
B) 3.682%
C) 14.73%
D) 7.7%
E) 4.61%
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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#1
7 years ago
C
Hillier Author
wrote...
#2
7 years ago
Correct, thank you
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