Essay
What is the nominal rate of interest compounded semi-annually that is equivalent to an effective rate of 8.25%
Correct Answer:
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i = (1+ 0.0825)0.5 - 1 = 1.040432...View Answer
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Correct Answer:
Verified
i = (1+ 0.0825)0.5 - 1 = 1.040432...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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