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Find what is the effective annual rate as a percentage

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Reference no: EM132657730

Problem 1: The annual nominal rate is jmthank you = 0.17pa. What is the effective annual rate as a percentage to two decimal places? The number of compounding periods is 7. Enter your answer as a decimal eg 17.42% = .1742 to four decimal places. Accuracy of one basis point. Tip: use excel to get the required accuracy.

Reference no: EM132657730

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