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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 265

Multiple Choice

Find the effective rate corresponding to the given nominal rate.Round your answers to three decimal places. 8% / year compounded monthly Find the effective rate corresponding to the given nominal rate.Round your answers to three decimal places. 8% / year compounded monthly _____% 8% / year compounded daily _____% A) 8.328%, 8.243% B) 8.243%, 8.000% C) 8.328%, 8.000% D) 8.300%, 8.328% _____%
8% / year compounded daily Find the effective rate corresponding to the given nominal rate.Round your answers to three decimal places. 8% / year compounded monthly _____% 8% / year compounded daily _____% A) 8.328%, 8.243% B) 8.243%, 8.000% C) 8.328%, 8.000% D) 8.300%, 8.328% _____%


A) 8.328%, 8.243%
B) 8.243%, 8.000%
C) 8.328%, 8.000%
D) 8.300%, 8.328%

Correct Answer:

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