Mathematics, 09.07.2019 02:20 miiichiii
An investor can invest money with a particular bank and earn a stated interest rate of 15.40%; however, interest will be compounded quarterly. what are the nominal, periodic, and effective interest rates for this investment opportunity?
Answers: 2
) = 3.85%![EAR=[(\frac{1+i}{n})^{n}-1]](/tpl/images/0067/7767/9f6a0.png)
![EAR=[(1+\frac{0.154}{4})^4]-1](/tpl/images/0067/7767/ca901.png)
![EAR=[(1+.0385)^{4}]-1](/tpl/images/0067/7767/36dd9.png)
![EAR=[(1.0385)^{4}]-1](/tpl/images/0067/7767/40cea.png)
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An investor can invest money with a particular bank and earn a stated interest rate of 15.40%; howe...
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