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State the nominal rate of interest compounded monthly that isequivalent to 3.25% compounded quarterly. Round your answer to sixdecimal spots. Sample answer to input is:
State the nominal rate of interest compounded monthly that isequivalent to 3.25% compounded quarterly. Round your answer to sixdecimal spots. Sample answer to input is: 4.562341 for4.562341%. 2 answers
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
