Question: Convert 2.23% compounded semi-annually to an equivalent interest rate compounded monthly Round the effective rate to four decimal places, round the final answer, NOM(2), to

Convert 2.23% compounded semi-annually to an equivalent interest rate compounded monthly Round the effective rate to four decimal places, round the final answer, NOM(2), to four decimal places NOM (1) - % C/Y (1) - EFF (4 decimal places) NOM (2) C/Y (2) - (4 decimal places)

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