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25-07-2021
Mathematics

contestada

calculate the effective yearly rate if an investment offers a nominal interest rate of 9.5% compounded quarterly

Respuesta :

loconte loconte

25-07-2021

Answer:

9.725%

Step-by-step explanation:

(1.0475)^2 =1.09725

one year 2 periods 4.75% per period

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