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Author Question: What is the nominal rate of interest compounded semi-annually that is equivalent to an effective rate of 8.25% (Read 242 times)

sabina

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on: Jun 6, 2019

Question 1

At what nominal rate of interest compounded annually will $5000 earn $2500 interest in seven years?



Question 2

What is the nominal rate of interest compounded semi-annually that is equivalent to an effective rate of 8.25%
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by sabina on Jun 6, 2019

InfiniteSteez

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sabina

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Reply #2 on: Jun 6, 2019
Thank you!


InfiniteSteez

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Reply #3 on: Jun 6, 2019
Always glad to help...


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