Asked by Amy
j=6.50%
m=Daily(365)
f(effective rate)=?
f=(1+i)^n
=(1+(.0650/365))^365
=1.067152848-1
=0.067152848
=6.72%
i know how to find the "f"
but if its
j=?
m=Quarterly(4)
f=3.25%
how do i find the "j"???
m=Daily(365)
f(effective rate)=?
f=(1+i)^n
=(1+(.0650/365))^365
=1.067152848-1
=0.067152848
=6.72%
i know how to find the "f"
but if its
j=?
m=Quarterly(4)
f=3.25%
how do i find the "j"???
Answers
Answered by
MathMate
See repost:
http://www.jiskha.com/display.cgi?id=1269725770
http://www.jiskha.com/display.cgi?id=1269725770
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