Question: problem 8 Problem 8: An investment pays 9% interest compounded quarterly. a) What is the nominal rate of interest? b) What is the periodic rate

problem 8 Problem 8: An investment pays 9% interest compounded quarterly.

problem 8

Problem 8: An investment pays 9% interest compounded quarterly. a) What is the nominal rate of interest? b) What is the periodic rate of interest? c) What is the effective annual rate of interest

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