Given the nominal rate of 12% per year compounded continuously, find a) Effective interest rate per year b) Effective per two years c) Effective per semi annual d) Effective per month e) Effective per quarter
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Given the nominal rate of 12% per year compounded continuously, find
a) Effective interest rate per year
b) Effective per two years
c) Effective per semi annual
d) Effective per month
e) Effective per quarter
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- If nominal rate is 10 % per year compounded bimonthly, Determine the the following effective interest rates. a) effective per semiannual b) effective per quarter c) effective per bi-month d) effective per 2 yearsif the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate of interest per bi monthFind the effective annual rate associated with an 8% nominal rate when interest rate is compounded annually
- Find the effective rate of interest corresponding to a nominal rate of 7% per year compounded monthly.if the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate of interest a) per year b) per semiannual c) per bi month d) per quarter c) per two years Use the editor to format your answerFind the effective annual interest rate r (as a percent) of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 13% compounded hourly (assume 365 days per year)
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