+598 Find the nominal rate of interest (c) if the effective annual rate of interest is 7.75%
Find the nominal rate of interest (d) that is equvilant to 6% compounded quarterly
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+118724 Find the nominal rate of interest (c) if the effective annual rate of interest is 7.75%
Find the nominal rate of interest (d) that is equvilant to 6% compounded quarterly
c) The nominal rate and the effective rate are the same if you are compounding yearly.
d) (1+X) = (1+ 0.06/4)^4
so X= (1+ 0.06/4)^4 -1
+118724 Find the nominal rate of interest (c) if the effective annual rate of interest is 7.75%
Find the nominal rate of interest (d) that is equvilant to 6% compounded quarterly
c) The nominal rate and the effective rate are the same if you are compounding yearly.
d) (1+X) = (1+ 0.06/4)^4
so X= (1+ 0.06/4)^4 -1
