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Author Question: Your bank account pays a 10% nominal rate of interest. The interest is compounded quarterly. Which ... (Read 45 times)

am7272

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on: Aug 7, 2023
Your bank account pays a 10% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is correct?

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The periodic rate of interest is2.5% and the effective rate of interest isgreater than 10%.


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The periodic rate of interest is 6% and the effective rate of interest is greater than 6%.


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The periodic rate of interest is2.5% and the effective rate of interest is10%.


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The periodic rate of interest is 6% and the effective rate of interest is 10%.

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Marked as best answer by am7272 on Aug 7, 2023

lactosetheintolerant

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Reply #1 on: Aug 7, 2023
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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am7272

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Reply 2 on: Aug 7, 2023
Excellent

Chelseyj.hasty

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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