If the effective rate is 18%, what is the nominal rate compounded annually, quarterly, monthly, and daily?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Aug 05, 2013 03:14 AM

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If the effective rate is 18%, what is the nominal rate compounded annually, quarterly, monthly, and daily?

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Compounded Annually i 1 I e n 1 I 1 18 1 18100 18 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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