2 years ago

calculate the effective yearly rate if an investment offers a nominal interest rate of 9.5% compounded quarterly

Mathematics

1 answer:

ivann1987 [24]2 years ago

4 0

Answer:

9.725%

Step-by-step explanation:

(1.0475)^2 =1.09725

one year 2 periods 4.75% per period

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calculate the effective yearly rate if an investment offers a nominal interest rate of 9.5% compounded quarterly​

calculate the effective yearly rate if an investment offers a nominal interest rate of 9.5% compounded quarterly