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10 questions from this quiz
The quoted annual interest rate
p=4p = 4p=4
0.5%0.5\%0.5%
R=1+r100×pR = 1 + \frac{r}{100 \times p}R=1+100×pr
R=1.0075R = 1.0075R=1.0075
p=52p = 52p=52
Actual % increase over 1 year with compounding
reff=[(1+r100n)n−1]×100%r_{eff} = [(1+\frac{r}{100n})^n-1] \times 100\%reff=[(1+100nr)n−1]×100%
Lower effective rate
1.3%1.3\%1.3%
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