Question: intrest rate If the interest rate is 4.61% compounded semi-annually, find: a) the effective rate of interest b) the equivalent rate compounded quarterly. The answers

intrest rate

If the interest rate is 4.61% compounded semi-annually, find: a) the effective rate of interest b) the equivalent rate compounded quarterly. The answers only are acceptable. No work has to be shown, so the tables provided are optional to use. Paragraph BIU - m Nom. Eff. A

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