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krek1111 [17]
2 years ago
5

When comparing two investments with the same effective rate, one with a 4-year term and semi-annual compounding and one with a 2

-year term and quarterly compounding, the nominal rate of the 4-year term instrument is ____ the nominal rate of the 2-year term instrument.
A. the same as

B. higher than

C. lower than
Business
1 answer:
Delicious77 [7]2 years ago
6 0

The 4-year term instrument's nominal rate is higher than the 2-year term instrument's nominal rate.

What is nominal rate?

The increase in payment you make to the lender for using the borrowed funds is known as the nominal interest rate.

The rate of compounding is higher for 2-year investments than for 4-year investments, which are compounded semi-annually.

As a result, option (b) is correct.

Learn more about on nominal rate, here:

brainly.com/question/13324776

#SPJ1

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What is the annual cost per mile of operating a car given the following information? Item Value Annual miles driven 11,800 Gas c
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Answer:

Annual cost per mile of operating a car=$0.409 per mile

Explanation:

Step 1: Calculate the total cost of gas and other associated cost

Total cost of gas=price per gallon×number of gallons consumed

where;

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where;

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