Section 5.1 Compound Interest

E↵(annual interest rate as a percentage, the number of compounding periods per year) 9. Find the e↵ective rate of interest corresponding to a nominal rate of 11.5%/year compounded in the following ways. (Round answers to two decimal places.) (a) compounded annually (b) compounded semiannually (c) compounded quarterly 4 Fall 2017, Maya Johnson ................
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