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For a sum of money invested at 11.4% compounded semi-annually for 3 years state the following values. the number of compounding periods the periodic rate

For a sum of money invested at 11.4% compounded semi-annually for 3 years state the following values.

  • the number of compounding periods
  • the periodic rate of interest
  • the compounding factor (1 + in
  • the numerical value of the compounding factor

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