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Calculate the nominal rate of interest p.a. compounded semi-annually if $5000.00 accumulates to 6) $7002.64 in 78 months. A) 0.02625% B) 2.625% C) 0.0525% D)
Calculate the nominal rate of interest p.a. compounded semi-annually if $5000.00 accumulates to 6) $7002.64 in 78 months.
A) 0.02625% B) 2.625% C) 0.0525% D) 5.25% E) 0.8656%
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Investment Science
Authors: David G. Luenberger
1st International Edition
0195391063, 9780195391060
