Based on an interest rate of 8 % with annual compounding, what quarterly interest rate is required
Fantastic news! We've Found the answer you've been seeking!
Question:
Based on an interest rate of with annual compounding, what quarterly interest rate is required with quarterly compounding to get to the same result? b What monthly interest rate is required with monthly compounding to get to the same result?
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
Posted Date: