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Please answer question in excel if possible. Thanks! Question 1) Calculate the annual rate if the annual rate is 9.5%. Repeat with a monthly compounding
Please answer question in excel if possible. Thanks!
Question 1) Calculate the annual rate if the annual rate is 9.5%. Repeat with a monthly compounding assumption. Repeat with a quarterly compounding assumption. Repeat with a daily compounding assumption. Why does the compounding affect the effective rate?
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