Question: Quantitative Problem: Bank 1 lends funds at a nominal rate of 9% with payments to be made semiannually. Bank 2 requires payments to be made

Quantitative Problem: Bank 1 lends funds at a nominal rate of

Quantitative Problem: Bank 1 lends funds at a nominal rate of 9% with payments to be made semiannually. Bank 2 requires payments to be made round intermediate calculations. Round your answer to three decimal places. %

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