A bank offers 7.30% compounded daily. What is is APR (or called ERA, after compounded interest rate) for investors? 7.57% 5.22% 11.67% 10.12% 13% 6.5% 8.11% 9.33%
A bank offers 7.30% compounded daily. What is is APR (or called ERA, after compounded interest rate) for investors? 7.57% 5.22% 11.67% 10.12% 13% 6.5% 8.11% 9.33%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
A bank offers 7.30% compounded daily. What is is APR (or called ERA, after
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7.57% |
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5.22% |
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11.67% |
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10.12% |
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13% |
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6.5% |
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8.11% |
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9.33% |
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