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(1 point) Suppose $900 is invested for 4 years at a nominal yearly interest rate that is compounded semi-annually, further suppose it accumulates to 1728.54
(1 point) Suppose $900 is invested for 4 years at a nominal yearly interest rate that is compounded semi-annually, further suppose it accumulates to 1728.54 after 4 years. Find the effective annual interest rate of the investment. Effective annual interest rate = % Step by Step Solution
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Options Futures And Other Derivatives
Authors: John C. Hull
8th Edition
0132164949, 9780132164948
