calculate the effective yearly rate if an investment offers a nominal interest rate of 9.5% compounded quarterly

asked Apr 22, 2022 89.7k views

2 votes

by Alpar

7.7k points

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7 votes

Answer:

9.725%

Explanation:

(1.0475)^2 =1.09725

one year 2 periods 4.75% per period

Zvika answered Apr 27, 2022

by Zvika

7.9k points

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