Question
The equivalent compounding discount rate to the 5% compounding interest rate if the time of the investment is 3 years, the frequency of compounding in
The equivalent compounding discount rate to the 5% compounding interest rate if the time of the investment is 3 years, the frequency of compounding in semi-annual and the amount of the investment is 2000 use is:
a. 5.13%
b. 4.35%
c. 6%
d. 4.88%
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Money, Banking, Financial Markets and Institutions
Authors: Michael Brandl
1st edition
538748575, 9781305855885 , 978-0538748575
