Question
You are considering an investment that has a nominal annual interest rate of 8.15 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual
You are considering an investment that has a nominal annual interest rate of 8.15 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is _____.
Round the answer to two decimal places in percentage form.
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How To Get Money For College Financing Your Future Beyond Federal Aid
Authors: Mark D. Snider
1st Edition
0768928869, 978-0768928860
