Question: Hello can anyone please help me with this problem, I was trying but I got really confused.Thanks in advance Mona Persian is considering a new

Hello can anyone please help me with this problem, I was trying but I got really confused.Thanks in advance

trying but I got really confused.Thanks in advance Mona Persian is considering

Mona Persian is considering a new investment fund with a semiannual interest rate of 2.5%. Any money she invests would have to be left in it for at least five years if she wanted to withdraw it without a penalty. (a) What is the nominal interest rate? (b) What is the annual effective interest rate? (c) If Mona deposits $10,000 in the fund now, how much should it be worth in five years

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