Rather than comparing future values, you often compare the effective annual rates of various investment opportunities with
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Rather than comparing future values, you often compare the effective annual rates of various investment opportunities with differing compounding frequencies. Use Excel to calculate the effective annual rates based on a 14% nominal annual rate of return with annual, semiannual, monthly, and daily compounding frequencies.
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Related Book For 
Principles Of Managerial Finance
ISBN: 9780136945888
16th Edition
Authors: Chad J. Zutter, Scott Smart
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