By converting the following rates to their nominal interest rates compounded quarterly, determine which is the best

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By converting the following rates to their nominal interest rates compounded quarterly, determine which is the best rate for an investment: 4.68% compounded daily, 4.72% compounded monthly, or 4.74% compounded semi-annually.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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