Question: Convert 6.41% compounded quarterly to an equivalent interest rate compounded semi-annually. Round EFF to four decimal places , round NOM (2) to two decimal places

Convert 6.41% compounded quarterly 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) =

EFF =

(4 decimal places)

NOM (2) =

C/Y (2) =

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