What is the compounding frequency for a nominal rate of 4.7% if the periodic interest rate is:

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What is the compounding frequency for a nominal rate of 4.7% if the periodic interest rate is:
a. 1.175%?
b. 0.3916%?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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What is the compounding frequency for a nominal rate of 4.7% if the periodic interest rate is: a. 1.175%? b. 0.3916%?
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What is the compounding frequency for a nominal rate of 4.7% if the periodic interest rate is:

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Business Mathematics In Canada

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