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    Mathematics of Finance
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    Exam 2: Compound Interest
  5. Question
    What Simple Interest Rate,r,is Equivalent to J<sub>4</sub> = 14% Over
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What Simple Interest Rate,r,is Equivalent to J4 = 14% Over

Question 17

Question 17

Multiple Choice

What simple interest rate,r,is equivalent to j4 = 14% over 18 months?


A) 14.48%
B) 14.75%
C) 15.28%
D) 16.74%

Correct Answer:

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