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An investor can invest money with a particular bank and earn a stated interest rate of 1540 however interest will be compounded quarterly What are the nominal periodic and effective interest

An investor can invest money with a particular bank and earn a stated interest rate of 15.40%; however, interest will be compounded quarterly. What are the nominal, periodic, and effective interest rates for this investment opportunity? You want to invest $10,000 and are looking for safe Investment bank is offering you a certificate of deposit that pays a nominal rate of 14% that is compounded semiannually. What is the effective rate of return that you will earn from this investment? 14.349% 14.490% 14.673% 14.575% Suppose you decide to deposit $10,000 in a savings account that pays a nominal rate of 5%, but interest is compounded daily. Based on a 365-day year, how much would you have in the account after 12 months? $10, 933.18 $10, 197.29 $10, 407.54 $10, 512.67

 

Apr 02 2020 View more View Less

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