Business, 15.02.2020 03:01 tifftiff22

Fund A earns interest at a nominal rate of 6% compounded monthly. Fund B earns interest at a nominal rate of discount compounded three times per year. The annual effective rates of interest earned by both funds are equivalent. Calculate the nominal rate of discount earned by Fund B.

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Fund A earns interest at a nominal rate of 6% compounded monthly. Fund B earns interest at a nominal...