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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 75

Multiple Choice

Find the effective rate corresponding to the given nominal rate. Round your answers to three decimal places. ​
6% / year compounded monthly
​ Find the effective rate corresponding to the given nominal rate. Round your answers to three decimal places. ​ 6% / year compounded monthly ​ _____% ​ 6% / year compounded daily ​ _____% ​ A) 6.183%, 6.136% B) 6.168%, 6.183% C) 6.136%, 6.000% D) 6.183%, 6.000% _____%
​
6% / year compounded daily
​ Find the effective rate corresponding to the given nominal rate. Round your answers to three decimal places. ​ 6% / year compounded monthly ​ _____% ​ 6% / year compounded daily ​ _____% ​ A) 6.183%, 6.136% B) 6.168%, 6.183% C) 6.136%, 6.000% D) 6.183%, 6.000% _____%
​


A) 6.183%, 6.136%
B) 6.168%, 6.183%
C) 6.136%, 6.000%
D) 6.183%, 6.000%

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