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Help!! I do not know how to solve these. And when I do try to solve, it says it is wrong. How is the effective
Help!! I do not know how to solve these. And when I do try to solve, it says it is wrong. How is the effective annual rate (EAR) of a daily compounded rate of
0.040%, 15.72%??
Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.040%, a weekly compounded rate of 0.355%, a monthly compounded rate of 1.45%, a quarterly compounded rater of 3.75%, a semiannually compounded rate of 7.5%, or an annually compounded rate of 15%Step by Step Solution
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