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Solution: What is the corresponding effective rate of 18% compounded semi-quarterly?

(Last Updated On: December 8, 2017)

What is the corresponding effective rate of 18% compounded semi-quarterly?

Problem Statement: ECE Board April 1999

What is the corresponding effective rate of 18% compounded semi-quarterly?

  • A. 19.25%
  • B. 19.48%
  • C. 18.46%
  • D. 18.95%

Problem Answer:

The corresponding effective rate of 18% compounded semi-quarterly is 19.48%.

Solution:

Solution: What is the corresponding effective rate of 18% compounded semi-quarterly?

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