1.
What is the periodic rate of interest corresponding to
a) 5.4% compounded quarterly?
b) 5.4% compounded monthly?
2.
a) What rate, compounded semi-annually, is equivalent to 10% compounded
quarterly?
EQUIV
b) What rate, compounded monthly, is equivalent to 7% compounded daily?
2
NOM
EQUIV
If interest is 8.7% compounded quarterhe
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