What Is the Effective Interest Rate Per 6 Months for a Nominal

question 27

Short Answer

What is the effective interest rate per 6 months for a nominal interest rate of 15% per year compounded every 3 months?

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Full Disclosure

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Redress for Injury

Legal remedy or compensation sought or awarded for harm or loss suffered due to another's act or failure to act.

Monetary Limit

The maximum amount of money that can be claimed or awarded in a particular type of legal case or insurance policy.

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A legal principle that obligates courts to follow historical case law when making a ruling on a similar case.