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1. a. Determine the annual effective rate (two decimals) equivalent to i(2) = 7% ; i(4) = 8% and i(365) = 12%. b. What simple
1. a. Determine the annual effective rate (two decimals) equivalent to i(2) = 7% ; i(4) = 8% and i(365) = 12%.
b. What simple interest rate is equivalent to i (365) = 8%, if money is invested for 3 years?
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Financial Risk Manager Handbook
Authors: Philippe Jorion
6th Edition
0470904011, 978-0470904015
