What nominal annual rate of interest compounded semi-annually is equivalent to an effective rate of 6.37%?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:52 AM

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What nominal annual rate of interest compounded semi-annually is equivalent to an effective rate of 6.37%?

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f 637 00637 C Y 2 f 1 i m 1 00637 1 i 2 1 i 10...View the full answer

Contemporary Business Mathematics with Canadian Applications

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