Nominal annual rate of interest compounded

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Reference no: EM131838636

Convert a nominal annual rate of discount of 5.7% compounded 12 times pear year into a nominal annual rate of interest compounded 4 times per year. Write your answer as a decimal to four significant digits.for example, an answer of 8.237% would be entered as 0.08237.

Reference no: EM131838636

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