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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 154

Multiple Choice

Find the effective rate corresponding to the given nominal rate. Round your answers to three decimal places. 8% / year compounded monthly Find the effective rate corresponding to the given nominal rate. Round your answers to three decimal places. 8% / year compounded monthly _____% 8% / year compounded daily _____% A) 8.328%, 8.243% B) 8.243%, 8.000% C) 8.328%, 8.000% D) 8.300%, 8.328% _____%
8% / year compounded daily Find the effective rate corresponding to the given nominal rate. Round your answers to three decimal places. 8% / year compounded monthly _____% 8% / year compounded daily _____% A) 8.328%, 8.243% B) 8.243%, 8.000% C) 8.328%, 8.000% D) 8.300%, 8.328% _____%


A) 8.328%, 8.243%
B) 8.243%, 8.000%
C) 8.328%, 8.000%
D) 8.300%, 8.328%

Correct Answer:

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