Convert 15% simple annual rate into annual rate, compounded semi-annually
Convert 15% simple annual rate into annual rate, compounded semi-annually
Homework Answers
Semi annual compound rate is =(Annual rate/2)
2 is used as 2 semi annuals for a year.
Semi annual compound rate is = (15%/2)
Semi annual compound rate is = 7.5%
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Convert 15% simple annual rate into annual rate, compounded
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