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Author Question: If we are given a periodic interest rate, say aquarterlyrate, we can find the nominal annual rate ... (Read 3 times)

Mscarter

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on: Aug 7, 2023

Question 1

If a bank compounds savings accountsmonthly, the effective annual ratewill exceed the nominal rate.

◦ true
◦ false

Question 2

If we are given a periodic interest rate, say aquarterlyrate, we can find the nominal annual rate bydividingthe periodic rate by the number of periods per year.

◦ true
◦ false
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Marked as best answer by Mscarter on Aug 7, 2023

nikspatel037

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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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Mscarter

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

ebonylittles

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

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