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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 130

Multiple Choice

Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​
10% / year compounded semiannually
​ Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​ 10% / year compounded semiannually ​ _____% ​ 3% / year compounded quarterly ​ _____% ​ A) 3.03%, 3.05% B) 3.04%, 3.05% C) 10.25%, 3.03% D) 3.03%, 3.04% _____%
​
3% / year compounded quarterly
​ Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​ 10% / year compounded semiannually ​ _____% ​ 3% / year compounded quarterly ​ _____% ​ A) 3.03%, 3.05% B) 3.04%, 3.05% C) 10.25%, 3.03% D) 3.03%, 3.04% _____%
​


A) 3.03%, 3.05%
B) 3.04%, 3.05%
C) 10.25%, 3.03%
D) 3.03%, 3.04%

Correct Answer:

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