Question
Find the nominal rate compunded semi anually that is equivalent to 5.2 compunded anually
Answers
oobleck
(1+r/2)^2 = 1+.052
r = 0.05134 = 5.134%
r = 0.05134 = 5.134%
R_scott
(1 + r/2)^2 = 1 + .052
1 + r/2 = √1.052
1 + r/2 = √1.052