Question: What monthly compounded nominal rate would put you in the same financial position as 6.1% compounded semiannually? (Do not round intermediate calculations and round your

What monthly compounded nominal rate would put you in the same

What monthly compounded nominal rate would put you in the same financial position as 6.1% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) The compounded monthly nominal rate 1%

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