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Q.3. An investment is earning 10.6% compounded semi-annually for 6 years and 7months. (i) Identify the nominal interest rate, compounding frequency, and time period in

Q.3. An investment is earning 10.6% compounded semi-annually for 6 years and 7months. (i) Identify the nominal interest rate, compounding frequency, and time period in years. (ii) Calculate the periodic interest rate and number of compounding periods.

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