Question: BI U A - 2nd 6% Assignment on Compound Interest 2) Convert 9% compounded semi-annually to a rate compounded monthly that maintains the same effective

BI U A - "2nd" 6% Assignment on Compound Interest 2) Convert 9% compounded semi-annually to a rate compounded monthly that maintains the same effective rate of interest. a.Find the effective rate of 9% compounded semi-annually. b.Convert it (that rate from "a") to a rate compounded monthly. C $ % V ? & + backspace 4 d 5 0 6 - 7 1 8 2 9 3 0 1/4 - 1/2 = 3/4 e O

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