Long description
| A | B | |
|---|---|---|
| 1 | Interest Rate Conversion Nominal vs. Effective Annual Rate | |
| 2 | Nominal annual rate of interest | 8 percent |
| 3 | Compounding frequency − semiannual | 2 |
| 4 | Effective annual rate of interest | 8.16 percent |
| 5 | Nominal annual rate of interest | 8 percent |
| 6 | Compounding frequency − quarterly | 4 |
| 7 | Effective annual rate of interest | 8.24 percent |
Entry in Cell B4 is equal to sign EFFECT(B2,B3). Entry in Cell B5 is equal to sign NOMINAL(B7,B6). |
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