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Calculate the nominal rate of interest p.a. compounded semi-annually if $5000.00 accumulates to $7002.64 in 78 months. Select one: a. 2.625% b. 0.02625% c. 0.0525%

Calculate the nominal rate of interest p.a. compounded semi-annually if $5000.00 accumulates to $7002.64 in 78 months. Select one: a. 2.625% b. 0.02625% c. 0.0525% d. 5.25% e. 0.8656%

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