Calculate, as a percentage to four decimal places, the nominal rate of interest per annum convertible...

 

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Calculate, as a percentage to four decimal places, the nominal rate of interest per annum convertible half-yearly which is equivalent to: (i) an effective rate of discount of 0.5% per month. (ii) a nominal rate of discount of 6% per annum convertible every two years. (iii) a nominal rate of interest of 6% per annum convertible quarterly. Calculate, as a percentage to four decimal places, the nominal rate of interest per annum convertible half-yearly which is equivalent to: (i) an effective rate of discount of 0.5% per month. (ii) a nominal rate of discount of 6% per annum convertible every two years. (iii) a nominal rate of interest of 6% per annum convertible quarterly.

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