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Question 6 At a nominal interest rate of i convertible semi-annually, an investment of 1,000 immediately and 1,500 at the end of the first year
Question 6 At a nominal interest rate of i convertible semi-annually, an investment of 1,000 immediately and 1,500 at the end of the first year will accumulate to 2,600 at the end of the second year. Calculate i. (a) 1.83% (b) 2.83% (c) 3.83% (d) 4.83% (e) 5.83%
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