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work not excel sheet formulas 2. Given a nominal annual interest rate of 6% convertible monthly, what is the equivalent nominal annual interest rate convertible

work not excel sheet formulas

2. Given a nominal annual interest rate of 6% convertible monthly, what is the equivalent nominal annual interest rate convertible semiannually? A. About 3.0% B. About 6.0% C. About 12.4% D. About 12.7% E. About 27.0%

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