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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 2

Multiple Choice

Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​
10% / year compounded semiannually
​ Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​ 10% / year compounded semiannually ​ _____% ​ 3% / year compounded quarterly ​ _____% ​ A) 3.03%, 3.05% B) 3.04%, 3.05% C) 10.25%, 3.03% D) 3.03%, 3.04% _____%
​
3% / year compounded quarterly
​ Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​ 10% / year compounded semiannually ​ _____% ​ 3% / year compounded quarterly ​ _____% ​ A) 3.03%, 3.05% B) 3.04%, 3.05% C) 10.25%, 3.03% D) 3.03%, 3.04% _____%
​


A) 3.03%, 3.05%
B) 3.04%, 3.05%
C) 10.25%, 3.03%
D) 3.03%, 3.04%

Correct Answer:

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