Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Find the total number of compounding periods and the interest rate per period for the investment.
Term of Investment |
Nominal (Annual) Rate (%) |
Interest Compounded |
Compounding Periods |
Rate per Period (%) |
---|---|---|---|---|
6 years | 6.5 | semiannually | ? | ? |
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