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What compound interest rate j12 is equivalent over 10-year period to a compound interest rate of i=1.28 % for 9 years followed by a compount interest of i2=14.52 % for the next 1 years ? Answer: 0.0253

What compound interest rate j12 is equivalent over 10-year period to a compound interest rate of i=1.28 % for 9 years followed by a compount interest of i2=14.52 % for the next 1 years ? Answer: 0.0253

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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What compound interest rate j12 is equivalent over 10-year period to a compound interest rate of i1=1.28 % for 9 years followed by a compount interest of i2=14.52 % for the next 1 years ? Answer: 0.0253
Transcribed Image Text:What compound interest rate j12 is equivalent over 10-year period to a compound interest rate of i1=1.28 % for 9 years followed by a compount interest of i2=14.52 % for the next 1 years ? Answer: 0.0253
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