Homework Help: math!

Posted by Amy on Saturday, March 27, 2010 at 5:12pm.

j=6.50%
m=Daily(365)
f(effective rate)=?

f=(1+i)^n
=(1+(.0650/365))^365
=1.067152848-1
=0.067152848
=6.72%
i know how to find the "f"

but if its

j=?
m=Quarterly(4)
f=3.25%

how do i find the "j"???

math! - MathMate, Saturday, March 27, 2010 at 6:34pm
See repost:
http://www.jiskha.com/display.cgi?id=1269725770

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