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Complete the gaps (a-e) in the following table: (3 marks, no need to show work) Nominal APR Number of compounding periods Rate per compounding period
Complete the gaps (a-e) in the following table: (3 marks, no need to show work)
Nominal APR | Number of compounding periods | Rate per compounding period | Effective Annual Rate (EAR) |
8.25% | 52 | 0.159% | a) |
b) | 4 | 3.68% | c) |
11.05% | d) | 0.92% | e) |
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