Essay
What is the nominal rate of interest compounded semi-annually which is equivalent to an effective rate of 5.89%?
Correct Answer:
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i = (1 + 0.0589)(1/2) - 1...View Answer
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Correct Answer:
Verified
i = (1 + 0.0589)(1/2) - 1...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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