What is the periodic rate and effective rate of interest

Reference no: EM13969879

Your bank your bank pays 8% nominal rate of interest. The interest is compounded quarterly. What is the periodic rate and effective rate of interest

Reference no: EM13969879

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What is the periodic rate and effective rate of interest : Your bank your bank pays 8% nominal rate of interest. The interest is compounded quarterly. What is the periodic rate and effective rate of interest

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