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Author Question: Shylock Bank offers a savings account with a nominal rate of 9% and quarterly compounding. What is ... (Read 39 times)

saliriagwu

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on: Apr 25, 2021

Question 1

Shylock Bank offers a savings account with a nominal rate of 7% and daily compounding. What is the effective rate of the account? (Assume a 365 day year.)
◦ 7.25%
◦ 7.00%
◦ 7.50%
◦ 7.10%
◦ 7.05%

Question 2

Shylock Bank offers a savings account with a nominal rate of 9% and quarterly compounding. What is the effective rate of the account?
◦ 9.31%
◦ 9.00%
◦ 9.20%
◦ 9.42%
◦ 8.63%
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Marked as best answer by saliriagwu on Apr 25, 2021

itsakadoozi

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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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saliriagwu

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

amandalm

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

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