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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Convert the given interest rates in the left-hand column into the nominal rates listed in the righthand column. (Assume 4 weeks_month.)
|
Given Interest Rate |
Desired Interest Rate |
|
1% per month |
Nominal rate per year |
|
3% per quarter |
Nominal rate per 6 months |
|
2% per quarter |
Nominal rate per year |
|
0.28% per week |
Nominal rate per quarter |
|
6.1% per 6 months |
Nominal rate per 2 years |
Â
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