Question
The nominal annual interest rate convertible quarterly is 0.12. (In other words, i(4) = 0.12.) (1) (5 points) Compute the equivalent nominal annual discount
The nominal annual interest rate convertible quarterly is 0.12. (In other words, i(4) = 0.12.) (1) (5 points) Compute the equivalent nominal annual discount rate convertible monthly. (In other words, compute d(2).) (2) (5 points) Compute the equivalent nominal annual interest rate convertible semi- annually.
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