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What is the equivalent effective quarterly rate

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Reference no: EM132915294

You are Quoted an APR on a loan of 7.6%. The APR is a stated Rate. The loan has semiannual compounding.

Problem a) What is the periodic semiannual rate? [Round 4 places]

Problem b) What is the equivalent effective quarterly rate? [Round 4 Places]

Reference no: EM132915294

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