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Use Excel functions to calculate: Quarterly effective rate equivalent to 7% effective quarter in advance Advanced monthly effective rate equivalent to 3% effective monthly Nominal

Use Excel functions to calculate:

  • Quarterly effective rate equivalent to 7% effective quarter in advance
  • Advanced monthly effective rate equivalent to 3% effective monthly
  • Nominal semi-annual rate due equivalent to 24% nominal quarterly due
  • Nominal rate quarterly in advance equivalent to 2.5% monthly periodic
  • Annual effective rate, equivalent to 25% effective annual advance
  • Advanced annual effective rate, equivalent to 36% annual effective rate

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