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Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal places.) APR Compounding Period Effective
| Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
| APR | Compounding Period | Effective Annual Rate | ||||
| 15.5 | % | 1 | month | % | ||
| 23.0 | % | 3 | months | % | ||
| 23.5 | % | 6 | months | % | ||
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
