For an effective annual rate ia of 15.87% compounded quarterly, determine (a) The effective quarterly rate and
Question:
For an effective annual rate ia of 15.87% compounded quarterly, determine
(a) The effective quarterly rate and
(b) The nominal annual rate.
(c) What is the spreadsheet function to find the nominal annual rate above?
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a Use Equation i 1 i a 1m 1 i 1 ...View the full answer
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