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    Business Mathematics Study Set 1
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    Exam 10: Annuities: Future Value and Present Value
  5. Question
    Calculate the Periodic Interest Rate of Quarterly Payments Earning 4
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Calculate the Periodic Interest Rate of Quarterly Payments Earning 4

Question 72

Question 72

Short Answer

Calculate the periodic interest rate of quarterly payments earning 4.5% compounded annually correct to five decimal places.

Correct Answer:

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1.10650% p...

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