Question: can you please explain the where the difference comes from? I understand how we got 6066 for the corporate loan but I don't understant how

can you please explain the where the difference comes from? I understand how we got 6066 for the corporate loan but I don't understant how we treat the 8% rate and the 10 y in the mortgage loan to get 6032..

Example - Mortgage rates are expressed as annualized semi-annually compounded rates - To obtain the monthly rate: - Calculate the annual effective rate based on two compounding periods - Calculate the nominal rate of the annual effective rate based on 12 compounding period - Divide the nominal rate by 12

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