Question
Which of the following APRs compounded quarterly is equivalent to an APR of 6.40% compounded daily using 360-day calendar years, 30-day months, and 3-month quarters?
Which of the following APRs compounded quarterly is equivalent to an APR of 6.40% compounded daily using 360-day calendar years, 30-day months, and 3-month quarters?
|
| 5.806% |
|
| 5.967% |
|
| 6.128% |
|
| 6.290% |
|
| 6.451% |
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
