What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate? (Note: present your
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What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate?
(Note: present your answer in percentage form with 2 decimal places)
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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