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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!