If Php1,000 becomes Php1,126.29 after 4 years when invested at a certain nominal rate of interest compounded

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If Php1,000 becomes Php1,126.29 after 4 years when invested at a certain nominal rate of interest compounded semi-annually, determine the nominal rate and the corresponding effective rate.

Posted Date: Sep 29, 2021 10:21 PM

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If Php1,000 becomes Php1,126.29 after 4 years when invested at a certain nominal rate of interest compounded

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For the case of semiannual compounding the number of ... View the full answer

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