Question: queisi ctual/360 360 i is the case) unction] accus ul function] 3. Given the nominal quarterly discount rate is 4.6%, find the nominal monthly interest
queisi ctual/360 360 i is the case) unction] accus ul function] 3. Given the nominal quarterly discount rate is 4.6%, find the nominal monthly interest rate. 4. Which of the following accounts should you choose? Account A: annual effective rate of 5.2% Account B: effective monthly rate of .44% Account C: nominal monthly rate of .4% Account D:force of interest .0516 Account D: nominal discount rate of 5.1%, compounded quarterly Account E: annual discount rate of 5%
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