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The future value of $ 1 0 0 , 0 0 0 earning a 6 % nominal annual rate compounded quarterly for 5 years equals
The future value of $ earning a nominal annual rate compounded quarterly for years equals $ What nominal annual rate compounded quarterly would give you the same present value? In other words, convert the nominal annual rate compounded quarterly into an effective annual rate.
The future value of $ earning a nominal annual rate compounded quarterly for years equals $ What nominal annual rate compounded quarterly would give you the same present value? In other words, convert the nominal annual rate compounded quarterly into an effective annual rate.
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