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Earning a periodic interest rate of 2.50% compounded annually. Earning a periodic interest rate of 1.25% compounded semiannually. Earning a periodic interest rate of 0.6% compounded quarterly. Earning
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Earning a periodic interest rate of 2.50% compounded annually. Earning a periodic interest rate of 1.25% compounded semiannually. Earning a periodic interest rate of 0.6% compounded quarterly. Earning a periodic interest rate of 0.2% compounded monthly.

User Dirk Calloway
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1 Answer

2 votes

Answer:

a) 1.025%

b) 1.025%

c) 1.0242%

d) 1.0242%

Step-by-step explanation:

Kindly check the picture attached to see the explaination and Formula used.

Earning a periodic interest rate of 2.50% compounded annually. Earning a periodic-example-1
User Delfino
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