Asked by Tanveer

Find the nominal rate compunded semi anually that is equivalent to 5.2 compunded anually

4 years ago

Answered by oobleck

(1+r/2)^2 = 1+.052
r = 0.05134 = 5.134%

4 years ago

Answered by R_scott

(1 + r/2)^2 = 1 + .052

1 + r/2 = √1.052

4 years ago

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