Question
1.Mr. Smith plans to deposit money in a bank that pays 10% per year, compounded daily. What is effective interest rate semiannually? 2. What is
1.Mr. Smith plans to deposit money in a bank that pays 10% per year, compounded daily. What is effective interest rate semiannually?
2. What is the effective annual interest rate corresponding to a nominal interest rate of 10% per year, compounded continuously?
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
