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What is the effective annual interest rate for a loan with a nominal annual interest rate of 9% if compounded: Semi-annually. Answer monthly.Answer continuously.Answer You
What is the effective annual interest rate for a loan with a nominal annual interest rate of 9% if compounded: Semi-annually. Answer monthly.Answer continuously.Answer You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 20. The first deposit is $1, 500, and each deposit increases by $200 each Quarter. The nominal annual interest rate is 10%, and is compounded continuously. What is the Future Value of these series of deposits at the end of Quarter 20
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