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Find the nominal annual rate of interest compounded quarterly that is equivalent to 7.4% compounded semi-annually. The nominal annually compounded rate of interest is %.
Find the nominal annual rate of interest compounded quarterly that is equivalent to 7.4% compounded semi-annually. The nominal annually compounded rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
