Find the effective rate corresponding to the given nominal rate
11%/year compounded semiannually
Homework Answers
let the effective rate be i
(1+i)^1 = (1.055^2
1+i = 1.113025
i = .113025 or 11.3025% per annum
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its all one big question. Find the equivalent interest rates to the given nominal interest rates....
its
all one big question.
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