Question

the effective rate of interest for 1 year corresponding to a nominal 7% rate of interest per annum convertible quartile is? ​

Answer 1

Answer:

The effective rate of interest for one year corresponding to a nominal at 7% rate of interest per annumconvertible quarterly is

====================

Given

r = 7%

p.a i.e 1.75% per quarter(7/4).

so 1+reff = (1.0175)^4

= 1.071859

Implies reff = 7.1859

interest per annumconvertible quarterly is 7.1859

Answer 2

Answer:

r = 7% p.a i.e 1.75% per quarter(7/4).

so 1+reff = (1.0175)4 = 1.071859

implies reff = 7.1859

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