Nominal Interest Rate Calculator - [100% Free] - Calculators.io
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Nominal Interest Rate Calculator - [100% Free] - Calculators.io
By definition, the nominal interest rate is the rate of interest before you take into account inflation. You can calculate this value using this nominal interest rate calculator. In some cases, nominal may even refer to the stated or advertised interest rates on loans without taking the compounding of interest and the fees into account....
Dec 10, 2023
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SOLVED: ICIC quotes a nominal annual interest rate of 6.6% compounded annually, 6.5% compounded semi-annually, and 6.4% compounded monthly on year compound interest GICs. What rate should an investor choose?Select one:A) 4.67% compounded annuallyB) 8.65% compounded semi-annuallyC) 6.46% compounded monthlyD) Insufficient data to make a decisionE) All alternatives are the same
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SOLVED: ICIC quotes a nominal annual interest rate of 6.6% compounded annually, 6.5% compounded semi-annually, and 6.4% compounded monthly on year compound interest GICs. What rate should an investor choose?Select one:A) 4.67% compounded annuallyB) 8.65% compounded semi-annuallyC) 6.46% compounded monthlyD) Insufficient data to make a decisionE) All alternatives are the same
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