What is the effective rate of 16% compounded daily, monthly, quarterly, semi-annually, annually?

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Bank Management

ISBN: 978-1133494683

8th edition

Authors: Timothy W. Koch, S. Scott MacDonald

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Question Posted: Aug 05, 2013 03:14 AM

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What is the effective rate of 16% compounded daily, monthly, quarterly, semi-annually, annually?

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Compounded Annually Effective annual rate 1 i n n 1 116 1 ...View the full answer

Bank Management

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