The equivalent compounding discount rate to the 5% compounding interest rate if the time of the investment
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Question:
The equivalent compounding discount rate to the 5% compounding interest rate if the time of the investment is 3 years, the frequency of compounding in semi-annual and the amount of the investment is 2000 use is:
a. 5.13%
b. 4.35%
c. 6%
d. 4.88%
Related Book For
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
Posted Date: