Answer to Question #20485 in Calculus for Riley

Question

Find the effective rate if the nominal rate is 4.0% and interest is compounded daily (n 365). (If r is the nominal rate and n is the number of times interest is compoundedn
annually, then R =
1 +■
- 1 is the effective rate.)*

Answer 1

Dear visitor
Unfortunately, the statement of your question is a bit confusing.
What do you need to be done? Please, give us the details so we could help you