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What is the monthly compounded nominal rate that is equivalent to 7.8% compounded semiannually?

testipw

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What is the monthly compounded nominal rate that is equivalent to 7.8% compounded semiannually?

What is the monthly compounded nominal rate that is equivalent to 7.8% compounded semiannually?

▸ 6.40%

▸ 7.68%

▸ 8.12%

▸ 3.90%

▸ 5.88%

Textbook

Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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