What is the nominal annual rate compounded daily equivalent to an effective rate of 4.61% ? Round the answer to NOM to four decimal places. NOM = Check Answer % EFF= % C/Y=
What is the nominal annual rate compounded daily equivalent to an effective rate of 4.61% ? Round the answer to NOM to four decimal places. NOM = Check Answer % EFF= % C/Y=
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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Transcribed Image Text:What is the nominal annual rate compounded daily equivalent to an effective rate of 4.61% ? Round the
answer to NOM to four decimal places.
NOM=
Check Answer
% EFF=
% C/Y=
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