The annual nominal rate is j m = 0.12pa. What is the effective annual rate as a
Fantastic news! We've Found the answer you've been seeking!
Question:
The annual nominal rate is jm= 0.12pa. What is the effective annual rate as a percentage to two decimal places? The number of compounding periods is 6. Enter your answer as a decimal eg 17.42% = .1742 to four decimal places. Accuracy of one basis point. Tip: use excel to get the required accuracy.
Posted Date: