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please do it ASAP.and don't coppy from chegg (1 point) Suppose the periodic rate is 5% compounded quarterly. Write all rates as decimals rather than
please do it ASAP.and don't coppy from chegg
(1 point) Suppose the periodic rate is 5% compounded quarterly. Write all rates as decimals rather than percents, i.e. 0.05 instead of 5%. (A) What is the nominal rate? nominal rate (B) What is the effective rate? effective rate = (C) What periodic rate compounded bi-annually has the same effective rate? bi-annually periodic rate = (D) What is the nominal rate for the answer to (C)? nominal rateStep by Step Solution
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