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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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