A bank is offering to sell 6-month certificates of deposit for $9500. At the end of 6
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A bank is offering to sell 6-month certificates of deposit for $9500. At the end of 6 months, the b~ will pay $10,000 to the certificate owner. Based on a 6-month interest period, compute the nominal annual interest rate and the effective annual interest rate
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P 4500 F 10000 i n 1 six month interest period F ...View the full answer
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