What monthly compounded nominal rate would put you in the same financial position as 5.5% compounded semiannually?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:37 AM

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What monthly compounded nominal rate would put you in the same financial position as 5.5% compounded semiannually?

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The effective interest rate is f 1 i m 1 102...View the full answer

Business Mathematics In Canada

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