For each interest rate quoted determine if it is a nominal, Mechanical Engineering

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For each interest rate quoted determine if it is a nominal

Go to your local bank branch and find out the interest rate paid for various kinds of savings accounts, chequing accounts, and loans. For each interest rate quoted, determine if it is a nominal or effective rate. If it is nominal, determine the compounding period and calculate the effective interest rate.

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Mechanical Engineering: For each interest rate quoted determine if it is a nominal

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Mechanical Engineering: For each interest rate quoted determine if it is a nominal

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