Question
For a sum of money invested at 10.3% compounded semi-annually for 12 years state the following values. (a) the number of compounding periods (b) the
For a sum of money invested at 10.3% compounded semi-annually for 12 years state the following values.
(a) the number of compounding periods
(b) the periodic rate of interest
(c) the compounding factor (1+i)n
(d) the numerical value of the compounding factor
___________________________________________________________________
(a) The number of compounding periods is __
(Type an integer or a decimal.)
(b) The periodic rate of interest is __ %
(Round to six decimal places as needed.)
(c) The compounding factor is
(Type the integers or decimals.)
(d) The numerical value of the compounding factor is __.
(Round to six decimal places as needed.)
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