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    Exam 8: Compound Interest: Future Value and Present Value
  5. Question
    Determine the Nominal Interest Rate If the Periodic Rate Is
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Determine the Nominal Interest Rate If the Periodic Rate Is

Question 71

Question 71

Short Answer

Determine the nominal interest rate if the periodic rate is:
a) 1.25% per quarter.
b) Determine the nominal interest rate if the periodic rate is: a) 1.25% per quarter. b)   % per month. % per month.

Correct Answer:

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a) 5.00% compounded ...

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