Question: Construct a spreadsheet to convert a nominal interest rate compounded m times per year fief and corvert it to an effective rate h per 1/h
Construct a spreadsheet to convert a nominal interest rate compounded m times per year fief and corvert it to an effective rate h per 1/h of a year. On the same spreadsheet, also start with an effective rate in per 1/m of a year and comert it to a nominat rave in compounded n times per year. Use your spreaditheet to solve the folowing two problems Given the nominal rate itiz =6.700%, find the equivalent effective semi-annual rate. Oiven the effective sems-annusirate h=2.484%, find the equivalent nominal rate itiz
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