Suppose a principal of 10 000 is compounded a annually b quarterly c monthly d...
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Algebra
Suppose a principal of 10 000 is compounded a annually b quarterly c monthly d weekly and e daily at a per annum interest rate of 6 Generate a table of the corresponding effective interest rates ruond to 3 decimal places Compounding Period a Annual Compounding bQuarterly Compounding cMonthly Compounding d Weekly Compounding Daily Compounding Nominal Interest Rate 6 6 6 6 6 Efective interest rate Number Number Number Number Number
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