SOLUTION: If two rates, r1 compounded m1 times a year and r2 compounded m2 times per year are to be equivalent, find the interest rate compounded quarterly which is equivalent to 10% interes
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: If two rates, r1 compounded m1 times a year and r2 compounded m2 times per year are to be equivalent, find the interest rate compounded quarterly which is equivalent to 10% interes
Log On
Question 1140633: If two rates, r1 compounded m1 times a year and r2 compounded m2 times per year are to be equivalent, find the interest rate compounded quarterly which is equivalent to 10% interest rate compounded annually. Thank you so much. Answer by ikleyn(52790) (Show Source):
