If the annual interest rate is 2%, what is the quarterly interest rate? a. 0.0204 b. 0.0166

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If the annual interest rate is 2%, what is the quarterly interest rate?

a. 0.0204

b. 0.0166

c. 0.005

d. 0.001

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Money, Banking, Financial Markets and Institutions

ISBN: 978-0538748575

1st edition

Authors: Michael Brandl

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Question Posted: Jun 21, 2019 06:34 AM

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If the annual interest rate is 2%, what is the quarterly interest rate? a. 0.0204 b. 0.0166

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Money, Banking, Financial Markets and Institutions

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