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Author Question: Sajid invested $20 000 in strip bonds earning him $2536.50 in one year. What is the nominal annual ... (Read 95 times)

ahriuashd

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on: Jun 6, 2019

Question 1

For a given interest rate of 10% compounded quarterly, what is the equivalent nominal rate of interest with monthly compounding?
◦ 10.125%
◦ 10.381%
◦ 5.0625%
◦ 9.918%
◦ 0.8265%

Question 2

Sajid invested $20 000 in strip bonds earning him $2536.50 in one year. What is the nominal annual rate of interest compounded monthly?
◦ 4.19%
◦ 12.68%
◦ 1%
◦ 12%
◦ 2.05%
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by ahriuashd on Jun 6, 2019

shaikhs

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Reply #1 on: Jun 6, 2019
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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ahriuashd

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Reply #2 on: Jun 6, 2019
Thanks


shaikhs

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Reply #3 on: Jun 6, 2019
Welcome :)


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