Question
Which of the following has the highest effective annual interest rate? a. 8.10 percent compounded quarterly b. 8.30 percent compounded annually c. 8.10 percent compounded
Which of the following has the highest effective annual interest rate?
a. 8.10 percent compounded quarterly
b. 8.30 percent compounded annually
c. 8.10 percent compounded semiannually
d. 8.10 percent compounded monthely
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Unlimited Business Financing
Authors: Trent Lee, Dr Chad Lee
1st Edition
1934275050, 9781934275054
