Question
You are currently earning 12% compounded semiannually. Your investment company is switching all accounts to monthly compounding. What rate will give you the same effective
You are currently earning 12% compounded semiannually. Your investment company is switching all accounts to monthly compounding. What rate will give you the same effective annual rate of return as you are receiving now?
- 11.66%
- 10.97%
- 10.83%
- 11.71%
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Offshore Finance And State Power
Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
