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Question #___ (12 Marks) For a sum of money interested at 5% compounded semi-annually for 5 years, state: (a) the nominal ann

(d) The number of compounding periods in the term (n) (e) The compounding factors (1+i) (1) The numerical value of the compo

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solution - Interest rate is 5% compounded semi-annually (a) Naminal annual rate of Interest (14) is given by It ly = (1+ 1Y =

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