Question: Convert 4.56% compounded monthly to an equivalent interest rate compounded semi-annually. Round EFF to four decimal places, round NOM (2) to two decimal places. NOM

Convert 4.56% compounded monthly to an equivalent interest rate compounded semi-annually. Round EFF to four decimal places, round NOM (2) to two decimal

Convert 4.56% compounded monthly to an equivalent interest rate compounded semi-annually. Round EFF to four decimal places, round NOM (2) to two decimal places. NOM (1) C/Y (1) = (4 decimal places) Find the effective rate of interest of an investment that earns 7.24% compounded monthly. (1year =365 days); Round the effective rate to two decimal places. NOM=%EFF=%C/Y=

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