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You can use the above formula to answer questions here I think its epr finding not totally sure If the stated annual rate of interest
You can use the above formula to answer questions here I think its epr finding not totally sure
If the stated annual rate of interest compounded semi-annually is 12.5% then what is the equivalent:
a) Semi-annual rate compounded semi-annually
b) Annual rate compounded quarterly
c) Annual rate compounded continuously
d) 30 day rate compounded every 30 days
e) Annual rate compounded weekly (use n = 7/365)
1st.:2nd.:Or:EAR=(1+r/m)m1EPR=(1+EAR)(1/s)1EPR=(1+r/m)(m/s)1Step by Step Solution
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