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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 image text in transcribed

(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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