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Author Question: What is the effective interest rate of 4% compounded quarterly? (Read 30 times)

bobbysung

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Question 1

The rate of interest actually paid or earned, is the ________ interest rate.
◦ effective
◦ nominal
◦ discounted
◦ continuous

Question 2

What is the effective interest rate of 4% compounded quarterly?
◦ 4.60%
◦ 4.80%
◦ 4.16%
◦ 4.06%
◦ 4.76%


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Marked as best answer by bobbysung on Apr 25, 2021

chem1s3

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bobbysung

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Reply 2 on: Apr 25, 2021
Excellent


bbburns21

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

 

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