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

asked
User Alpar
by
8.1k points

1 Answer

7 votes

Answer:

9.725%

Explanation:

(1.0475)^2 =1.09725

one year 2 periods 4.75% per period

answered
User Zvika
by
8.4k points
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