The effective annual interest rate is 1726 if interest is


1. If a $100,000 Treasury bond futures contract changes by 5/32, what is the dollar change?

2. The effective annual interest rate is 17.26% If interest is compounded daily, (365 days per year) what is the nominal annual rate?

3. Money is invested at 11.5% nominal annual rate. Interested is compounded quarterly. How much will exist1500 deposited today be worth in 15 years?

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Financial Management: The effective annual interest rate is 1726 if interest is
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