Question : What is the effective interest rate of interest of the following?
What is the effective interest rate of interest of the following?6% compounded daily12% compounded semi annually4% compounded every 4 monthshow to solve it, or what was your solution to your answers
- asked by succubus
All Answers:
Answer #1
Basically, the more often it is compounded, thehigher the efffective interest rate.
- answered by Doc
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measure and fulfill your financial needs
