1. For each of the following, calculate the interest rate per compounding period (i): a. 4% per year b. 8% per year compounded monthly c. 7% APY compounded monthly d. Effective 1.5% per month compounded weekly (assume 4 weeks per month)

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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1. For each of the following, calculate the interest rate per compounding period (i):
a. 4% per year
b. 8% per year compounded monthly
c. 7% APY compounded monthly
d. Effective 1.5% per month compounded weekly (assume 4 weeks per month)
Transcribed Image Text:1. For each of the following, calculate the interest rate per compounding period (i): a. 4% per year b. 8% per year compounded monthly c. 7% APY compounded monthly d. Effective 1.5% per month compounded weekly (assume 4 weeks per month)
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