brandonstone660 brandonstone660
  • 07-01-2020
  • Mathematics
contestada

Wyatt is paying back a loan with a nominal interest rate of 13.62%. If the interest is compounded quarterly, how much greater is Wyatt’s effective interest rate than his nominal interest rate?

Respuesta :

ppkd1998p4tvsn
ppkd1998p4tvsn ppkd1998p4tvsn
  • 07-01-2020
0.71 percentage points
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LilWhigga0127
LilWhigga0127 LilWhigga0127
  • 24-03-2022

Answer:

0.71 Percentage Points

Step-by-step explanation:

Got it right on Edge E2020

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