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What is the effective annual rate of 8.5 percent compounded quarterly?

What is the effective annual rate of 8.5 percent compounded quarterly?
asked 128k views
4 votes
What is the effective annual rate of 8.5 percent compounded quarterly?

asked
User Kedar Tiwaskar
by
8.0k points

1 Answer

2 votes

Given:

Rate = 8.5 percent

Compounded quarterly

To determine the effective a

answered
User Joe Wilson
by
8.4k points
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