question archive What is the nominal rate of interest compounded quarterly if the effective rate of interest on an investment is 7
What is the nominal rate of interest compounded quarterly if the effective rate of interest on an investment is 7
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What is the nominal rate of interest compounded quarterly if the effective rate of interest on an investment is
7.1%? The nominal rate of interest is % compounded quarterly. (Round the final answer to four decimal places
as needed. Round all intermediate values to six decimal places as needed.)
