Question: Convert 2.45% compounded monthly to an equivalent interest rate compounded semi-annually. Round the effective rate to four decimal places, round the final answer, NOM(2), to

Convert 2.45% compounded monthly to an equivalent interest rate compounded semi-annually. 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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