Question
28. Which of the following APRs compounded monthly is equivalent to an APR of 15.90% compounded quarterly using 360-day calendar years, 30-day months, and 3-month
28. Which of the following APRs compounded monthly is equivalent to an APR of 15.90% compounded quarterly using 360-day calendar years, 30-day months, and 3-month quarters?
| 15.406% | |
|
| 15.811% |
|
| 16.217% |
|
| 16.622% |
|
| 17.027% |
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Entrepreneurial Finance
Authors: M. J. Alhabeeb
1st Edition
1118691512, 978-1118691519
