Question
4% interest with compounding every 6 months versus unknown interest with monthly compounding resulting in an equal return. $1000 initial investment, one year holding
4% interest with compounding every 6 months versus unknown interest with monthly compounding resulting in an equal return. $1000 initial investment, one year holding period. What is unknown interest?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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