What is the effective rate of 12% compounded annually, quarterly, monthly, and daily?

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Bank Management

ISBN: 978-1133494683

8th edition

Authors: Timothy W. Koch, S. Scott MacDonald

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Question Posted: Aug 05, 2013 03:14 AM

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What is the effective rate of 12% compounded annually, quarterly, monthly, and daily?

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Compounded Annually Effective annual rate 1 i n n 1 112 1 12 100 12 Compounded Quarterly I ...View the full answer

Bank Management

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