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An interest rate of 10% compounded quarterly is ______________ an interest rate of 9.7% compounded daily on an equivalent effective interest rate basis. a) The
An interest rate of 10% compounded quarterly is ______________ an interest rate of 9.7% compounded daily on an equivalent effective interest rate basis.
a) The same as
b) Greater than
c) Less than
d) Not comparable to
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Authors: Tom Cromwell
1st Edition
979-8577027728
