Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 8% . 144.20% 1.94% 36.05% 7.77% b. Nominal interest rate compounded monthly that is equivalent to 3.5% compounded quarterly. 31.78% 2.65% 3.49% 0.29% c. Nominal interest rate compounded monthly that is equivalent to 6% compounded annually. 5.84% 1,214.64% 0.49% 101.22%
Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 8% . 144.20% 1.94% 36.05% 7.77% b. Nominal interest rate compounded monthly that is equivalent to 3.5% compounded quarterly. 31.78% 2.65% 3.49% 0.29% c. Nominal interest rate compounded monthly that is equivalent to 6% compounded annually. 5.84% 1,214.64% 0.49% 101.22%
Chapter7: Types And Costs Of Financial Capital
Section: Chapter Questions
Problem 2EP
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Find the equivalent interest rates to the given nominal interest rates.
a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 8% .
144.20%
1.94%
36.05%
7.77%
b. Nominal interest rate compounded monthly that is equivalent to 3.5% compounded quarterly.
31.78%
2.65%
3.49%
0.29%
c. Nominal interest rate compounded monthly that is equivalent to 6% compounded annually.
5.84%
1,214.64%
0.49%
101.22%
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