Asked by Tanveer

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

Answers

Answered by oobleck
(1+r/2)^2 = 1+.052
r = 0.05134 = 5.134%
Answered by R_scott
(1 + r/2)^2 = 1 + .052

1 + r/2 = √1.052
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions