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Calculate the Equivalent Periodic Interest Rate Per Payment Interval for the Following

Question 167

Multiple Choice

Calculate the equivalent periodic interest rate per payment interval for the following annuity: Semi-annual payments earning 11% compounded quarterly.


A) 5.48991%
B) 5.57563%
C) 5.56812%
D) 5.35654%
E) 5.42639%

Correct Answer:

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