Multiple Choice
Calculate the nominal rate of interest p.a. compounded semi-annually if $5000.00 accumulates to $7002.64 in 78 months.
A) 0.8656%
B) 0.02625%
C) 2.625%
D) 0.0525%
E) 5.25%
Correct Answer:
Verified
Correct Answer:
Verified
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