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Find the effective annual rate for each of the fol...

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Find the effective annual rate for each of the following cases: stated rate (APR) = 8%, compounded quarterly. stated rate (APR) = 18%, compounded monthly. stated rate (APR) = 14%, compounded daily. stated rate (APR) = 10%, compounded semiannually.

 

Paper#5357 | Written in 18-Jul-2015

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