Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Concept explainers

Effective Interest Rate
The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.
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2) the math of interest. please indicate if you are unsure or totally sure about the answer

Given an effective annual rate j₁ a. 4.82719% O b. 5.95950% C. 5.84031% d. 4.46962% e. 5.89990% 6.12500%, find the equivalent nominal rate (12) Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
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Transcribed Image Text:Given an effective annual rate j₁ a. 4.82719% O b. 5.95950% C. 5.84031% d. 4.46962% e. 5.89990% 6.12500%, find the equivalent nominal rate (12) Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
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