Question
An investment pays 2% interest, compounded semiannually. A second investment of equal risk, pays interest compounded monthly. What nominal rate of interest would you have
An investment pays 2% interest, compounded semiannually. A second investment of equal risk, pays interest compounded monthly. What nominal rate of interest would you have to receive on the second investment in order to make you indifferent between the two investments?
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
