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A bank quotes you an interest rate of 1 1 . 4 % per annum with quarterly compounding. What is the equivalent rate with annual
A bank quotes you an interest rate of per annum with quarterly compounding. What is the equivalent rate with annual compounding?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
