Determine the effective interest rate of PHP1.00 for one year compounded semi-annually at the nominal rate of

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Determine the effective interest rate of PHP1.00 for one year compounded semi-annually at the nominal rate of 6%.

Posted Date: Sep 15, 2021 10:55 PM

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Determine the effective interest rate of PHP1.00 for one year compounded semi-annually at the nominal rate of

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Using the formula R 1 where R Effec... View the full answer

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