Suppose a principal of 10 000 is compounded a annually b

Last updated: 6/16/2023

Suppose a principal of 10 000 is compounded a annually b quarterly c monthly d weekly and e daily at a per annum interest rate of 6 Generate a table of the corresponding effective interest rates ruond to 3 decimal places Compounding Period a Annual Compounding bQuarterly Compounding cMonthly Compounding d Weekly Compounding Daily Compounding Nominal Interest Rate 6 6 6 6 6 Efective interest rate Number Number Number Number Number