Question: if the interest rate is 7.32% compounded semi-annually, find the followng a)the effective rate of interest m nom. eff. m nom. equiv b) the equivalent

if the interest rate is 7.32% compounded semi-annually, find the followng

a)the effective rate of interest

m

nom.

eff.

m

nom.

equiv

b) the equivalent rate compounded quarterly

m

nom.

eff

m

nom.

equiv

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