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What is the nominal annual rate compounded daily equivalent to an effective rate of 4.61% ? Round the answer to NOM to four decimal places. NOM = Check Answer % EFF= % C/Y=

What is the nominal annual rate compounded daily equivalent to an effective rate of 4.61% ? Round the answer to NOM to four decimal places. NOM = Check Answer % EFF= % C/Y=

Mathematics For Machine Technology
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter23: Basic Calculations Of Percentages, Percents, And Rates
Section: Chapter Questions
Problem 67A
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What is the nominal annual rate compounded daily equivalent to an effective rate of 4.61% ? Round the answer to NOM to four decimal places. NOM= Check Answer % EFF= % C/Y=
Transcribed Image Text:What is the nominal annual rate compounded daily equivalent to an effective rate of 4.61% ? Round the answer to NOM to four decimal places. NOM= Check Answer % EFF= % C/Y=
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