What rate of interest compounded quarterly will yield an effective interest rate of 7%?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Jan 17, 2019 09:23 AM

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What rate of interest compounded quarterly will yield an effective interest rate of 7%?

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Since the effective interest rate is 7 we have Thu...View the full answer

Precalculus

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