Determine the nominal rate of interest if the periodic rate is: a. 1.5% per month. b. 1.5%

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Determine the nominal rate of interest if the periodic rate is:
a. 1.5% per month.
b. 1.5% per quarter.
c. 1.5% per half year.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:20 AM

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Determine the nominal rate of interest if the periodic rate is: a. 1.5% per month. b. 1.5%

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