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| rev | Admin | (Created page with "Eric puts in a deposit where the bank credits him a rate of discount of 13% convertible every 4 years. Billy wants to find the same rate or better, but can only find banks that will give him rates of interest convertible monthly. What is the lowest rate of interest Billy will accept? <ul class="mw-excansopts"><li>.182</li><li>.185</li><li>.034</li><li>.105</li><li>.2014</li></ul> {{cite web |url=https://digitalcommons.calpoly.edu/cgi/viewcontent.cgi?article=1008&contex...") | Nov 22'23 at 0:05 | +646 |