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Author Question: Shylock Bank offers a savings account with an effective interest rate of 9% and quarterly ... (Read 101 times)

jenna1

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on: Apr 25, 2021

Question 1

Shylock Bank offers a savings account with an effective interest rate of 15% and weekly compounding. What is the nominal rate (APR) on the account?
◦ 14.00%
◦ 16.16%
◦ 14.05%
◦ 16.08%
◦ 15.00%

Question 2

Shylock Bank offers a savings account with an effective interest rate of 9% and quarterly compounding. What is the nominal rate (APR) on the account?
◦ 8.71%
◦ 8.00%
◦ 7.55%
◦ 6.00%
◦ 7.70%
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Marked as best answer by jenna1 on Apr 25, 2021

mcni194

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jenna1

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Reply 2 on: Apr 25, 2021
Excellent

mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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