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Business, 27.11.2020 23:30 pakabigail4796
An investor can invest money with a particular bank and earn a stated interest rate of 8.80%; however, interest will be compounded quarterly. What are the nominal (or stated), periodic, and effective interest rates for this investment opportunity? Interest Rates Nominal rate 8.80% Periodic rate 6.12% Effective annual rate 9.00%
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An investor can invest money with a particular bank and earn a stated interest rate of 8.80%; howeve...
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