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The nominal rate is 5.25% compounded monthly. Calculate the equivalent compounded quarterly rate. Calculate the effective rate. If you invest your money for 3 years,
- The nominal rate is 5.25% compounded monthly.
- Calculate the equivalent compounded quarterly rate.
- Calculate the effective rate.
- If you invest your money for 3 years, what Simple Interest rate would yield the same outcome
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
