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What is the weekly compounded rate of 0.305%? The monthly compounded rate of 1.15% ? The quarterly compounded rate of 3.50%? The semi-annually compounded rate
What is the weekly compounded rate of 0.305%? The monthly compounded rate of 1.15% ? The quarterly compounded rate of 3.50%? The semi-annually compounded rate of 7%? and the annual compounded rate of 17%?
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Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.040%, a weekly compounded rate of 0.305%, a monthly compounded rate of 1.15%, a quarterly compounded rater of 3.50%, a semiannually compounded rate of 796, or an annually compounded rate of 17%? What is the effective annual rate (EAR) of a daily compounded rate of 0.040%? 15.72% (Round to two decimal places.) What is the EAR of a weekly compounded rate of 0.305%? % (Round to two decimal places.)Step by Step Solution
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