Mathematics, 27.09.2019 00:50 heavenmckissack21

Wyatt is paying back a loan with a nominal interest rate of 13.62%. if the interest is compounded quarterly, how much greater is wyatt’s effective interest rate than his nominal interest rate?

a.
0.96 percentage points
b.
0.40 percentage points
c.
0.25 percentage points
d.
0.71 percentage points

Answers: 1

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Wyatt is paying back a loan with a nominal interest rate of 13.62%. if the interest is compounded qu...