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HELP Convert 5.91% compounded semi-annually to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places , round the final answer
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Convert 5.91% compounded semi-annually to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places, round the final answer to two decimal places.
| NOM (1) = | % | C/Y (1) = | |||
| EFF =
| % (4 decimal places) | ||||
| NOM (2) = | % | C/Y (2) = |
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