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What Is the Compounding Frequency for a Nominal Rate of 4.7

Question 120

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What is the compounding frequency for a nominal rate of 4.7% if the periodic interest rate is:
a) 1.175%?
b) What is the compounding frequency for a nominal rate of 4.7% if the periodic interest rate is: a) 1.175%? b) %? %?

Correct Answer:

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a) 4 per y...

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