Question: an interest rate is 8.75% per annum with continuous compounding. what is the equivalent rate with semiannual compounding? (answer in % with 2 digits decimal
an interest rate is 8.75% per annum with continuous compounding. what is the equivalent rate with semiannual compounding? (answer in % with 2 digits decimal accuracy_
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
