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If the nominal annual rate of interest convertible monthly is 2% find the corresponding equivalent nominal annual rate of discount convertible semiannually. A. 0.07766 B.
If the nominal annual rate of interest convertible monthly is 2% find the corresponding equivalent nominal annual rate of discount convertible semiannually.
A. | 0.07766 | |
B. | The answer does not appear here | |
C. | 0.01988 | |
D. | 0.02867 | |
E. | 0.22406 |
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