[Solved] 8) Given, 4.5% per 6 months - compounded

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8) Given, 4.5% per 6 months - compounded weekly, find the effective weekly rate. (5 pts) 9) A Bank pays a nominal 12% per year

8) Given, 4.5% per 6 months - compounded weekly, find the effective weekly rate. (5 pts) 9) A Bank pays a nominal 12% per year compounded semiannually. What is the effective interest rate for a) 6 mo.? (5 pts) b) 12mo ? (5 pts) c) 24 mo.? (5 pts)

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