Question
For each interest rate below, match it with an equivalent interest rate from the following list. If they don't match exactly, choose the best match
For each interest rate below, match it with an equivalent interest rate from the following list. If they don't match exactly, choose the best match for each.
1. i(2)= 10.00% (nominal rate compounded semi-annually)
2.i = 6.09% effective annual rate
3. i = 0.75% effective monthly rate
4. i(4)= 4.00% (nominal rate, compounded quarterly)
5. Doesn't match any of the others.
i(2)= 6% (nominal rate, compounded semi-annually)
i = 4.06% effective annual rate
i(12)= 9.00% (nominal rate compounded monthly)
i = 2.47% effective quarterly rate
i(4)= 10% (nominal rate compounded quarterly
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