Question: determine the effective rate that is equivalent to nominal rate of 12% per annum compounded quarterly? A money lender charges interest at the rate of

determine the effective rate that is equivalent to nominal rate of 12% per annum compounded quarterly?

A money lender charges interest at the rate of 10 cents per dollar per month payable in advance.Determine the effective rate of interest that the money lender charges per annum?

A financial asset costs $30 and realizes $40 after 10 years .You need to determine the rate of interest involved when it is added continuously

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